The stock of Gold Resource Corp (AMEX: GORO) has increased by 8.13 when compared to last closing price of 0.33. Despite this, the company has experienced a 5.24% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-09 that Gold Resource Corporation (NYSE:GORO ) Q2 2024 Earnings Conference Call August 7, 2024 12:00 PM ET Company Participants Chet Holyoak – CFO Allen Palmiere – President and CEO Alberto Reyes – COO Conference Call Participants Jake Sekelsky – Alliance Global Partners Heiko Ihle – H.C. Wainwright John Bair – Ascend Wealth Advisors Operator Good afternoon, ladies and gentlemen, and welcome to the Gold Resource Q2 2024 Earnings Call.
Is It Worth Investing in Gold Resource Corp (AMEX: GORO) Right Now?
Company’s 36-month beta value is 1.44.Analysts have differing opinions on the stock, with 2 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 91.85M, and currently, short sellers hold a 0.07% ratio of that floaft. The average trading volume of GORO on October 11, 2024 was 554.11K shares.
GORO’s Market Performance
GORO stock saw an increase of 5.24% in the past week, with a monthly gain of 2.94% and a quarterly increase of -25.81%. The volatility ratio for the week is 7.39%, and the volatility levels for the last 30 days are 6.98% for Gold Resource Corp (GORO). The simple moving average for the last 20 days is 1.67% for GORO stock, with a simple moving average of -10.30% for the last 200 days.
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 -3.20% 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 -50.20% of loss for the given period.
Volatility was left at 6.98%, however, over the last 30 days, the volatility rate increased by 7.39%, as shares surge +2.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.07% lower at present.
During the last 5 trading sessions, GORO rose by +5.24%, which changed the moving average for the period of 200-days by +0.17% in comparison to the 20-day moving average, which settled at $0.3478. In addition, Gold Resource Corp saw -5.96% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GORO
Current profitability levels for the company are sitting at:
- -0.27 for the present operating margin
- -0.2 for the gross margin
The net margin for Gold Resource Corp stands at -0.53. The total capital return value is set at -0.14. Equity return is now at value -48.53, with -23.83 for asset returns.
Based on Gold Resource Corp (GORO), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at -0.09. The debt to equity ratio resting at 0.75. The interest coverage ratio of the stock is -3.54.
Currently, EBITDA for the company is 8.54 million with net debt to EBITDA at 106.14. When we switch over and look at the enterprise to sales, we see a ratio of 0.97. The receivables turnover for the company is 15.5for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.17.
Conclusion
In a nutshell, Gold Resource Corp (GORO) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
