The stock of Gold Resource Corp (GORO) has gone up by 3.38% for the week, with a 54.45% rise in the past month and a 10.19% rise in the past quarter. The volatility ratio for the week is 10.85%, and the volatility levels for the past 30 days are 11.58% for GORO. The simple moving average for the past 20 days is 19.12% for GORO’s stock, with a -5.50% simple moving average for the past 200 days.
Is It Worth Investing in Gold Resource Corp (AMEX: GORO) Right Now?
The stock has a 36-month beta value of 1.56. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for GORO is 88.10M, and at present, short sellers hold a 0.12% of that float. On March 28, 2024, the average trading volume of GORO was 598.62K shares.
GORO) stock’s latest price update
Gold Resource Corp (AMEX: GORO) has experienced a rise in its stock price by 13.75 compared to its previous closing price of 0.35. However, the company has seen a gain of 3.38% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-14 that Gold Resource Corporation (GORO) Q4 2023 Earnings Call Transcript
Analysts’ Opinion of GORO
Many brokerage firms have already submitted their reports for GORO stocks, with Alliance Global Partners repeating the rating for GORO by listing it as a “Buy.” The predicted price for GORO in the upcoming period, according to Alliance Global Partners is $4.25 based on the research report published on July 21, 2022 of the previous year 2022.
ROTH Capital, on the other hand, stated in their research note that they expect to see GORO reach a price target of $6.50. The rating they have provided for GORO stocks is “Buy” according to the report published on June 11th, 2019.
H.C. Wainwright gave a rating of “Buy” to GORO, setting the target price at $7.75 in the report published on March 25th of the previous year.
GORO Trading at 36.36% from the 50-Day Moving Average
After a stumble in the market that brought GORO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -66.29% of loss for the given period.
Volatility was left at 11.58%, however, over the last 30 days, the volatility rate increased by 10.85%, as shares surge +56.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.52% upper at present.
During the last 5 trading sessions, GORO rose by +3.09%, which changed the moving average for the period of 200-days by -49.94% in comparison to the 20-day moving average, which settled at $0.3439. In addition, Gold Resource Corp saw 6.68% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for GORO
Current profitability levels for the company are sitting at:
- -0.08 for the present operating margin
- 0.01 for the gross margin
The net margin for Gold Resource Corp stands at -0.16. The total capital return value is set at -0.04. Equity return is now at value -15.10, with -8.35 for asset returns.
Based on Gold Resource Corp (GORO), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at -0.05. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is -6.28.
Currently, EBITDA for the company is 47.7 million with net debt to EBITDA at 5.8. When we switch over and look at the enterprise to sales, we see a ratio of 0.75. The receivables turnover for the company is 20.73for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.91.
Conclusion
To sum up, Gold Resource Corp (GORO) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
