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Precious Metals

Gold Resource Corporation (GORO): What is Its Dividend Yield?

Gold Resource Corporation (AMEX:GORO) saw an upside of 0.61% to close Friday at $1.65 after adding $0.01 on the day. The 5-day average trading volume is…

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This article was originally published by Fosters Leader

Gold Resource Corporation (AMEX:GORO) saw an upside of 0.61% to close Friday at $1.65 after adding $0.01 on the day. The 5-day average trading volume is 559,440 shares of the company’s common stock. It has gained $1.6950 in the past week and touched a new high 3 times within the past 5 days. An average of 570,435 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 632,044.

GORO’s 1-month performance is -2.94% or -$0.0400 on its low of $1.5200 reached on 09/26/22. The company’s shares have touched a 52-week low of $1.50 and high of $2.63, with the stock’s rally to the 52-week high happening on 04/18/22. YTD, GORO has achieved 5.77% or $0.0900 and has reached a new high 15 times. However, the current price is down -37.26% from the 52-week high price.

Valuation Metrics

GORO stock has a beta of 1.56. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.04 while the price-to-book (PB) in the most recent quarter is 1.15, with the price to cash flow ratio at 27.22.

Gold Resource Corporation’s quick ratio for the period ended June 29 was 2.10, with the current ratio over the same period at 2.60. In terms of profitability, the gross margin trailing 12 months is 32.50%. The firm’s gross profit as reported stood at $36.75 million against revenue of $125.2 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 5.24% to $2.67 million, while revenue of $4.02 million was -50.56% off the previous quarter. Analysts expected GORO to announce $0.02 per share in earnings in its latest quarter, but it posted $0.03, representing a 50.00% surprise. EBITDA for the quarter stood at more than $13.74 million. Shareholders hold equity totaling $88.37 million.

Let’s look briefly at Gold Resource Corporation (GORO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 30 September was 49.02% to suggest the stock is trending Neutral, with historical volatility in this time period at 55.22%.

The stock’s 5-day moving average is $1.6080, reflecting a +5.77% or $0.0900 change from its current price. GORO is currently trading -1.20% above its 20-day SMA, -2.37% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.10% and SMA200 byunch.

Stochastic %K and %D was 48.44% and 34.29% and the average true range (ATR) pointed at 0.0825. The RSI (14) points at 47.40%, while the 14-day stochastic is at 55.32% with the period’s ATR at 0.0823. The stock’s 9-day MACD Oscillator is pointing at 0.0300 and 0.0112 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Gold Resource Corporation (AMEX: GORO), Alliance Global Partners launched coverage with a Buy rating.

What is GORO’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $4.25 and a high of $5.25, with their median price target at $4.75. Looking at these predictions, the average price target given by analysts is for Gold Resource Corporation (GORO) stock is $4.75.

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