GORO has 36-month beta value of 1.54. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GORO is 93.62M, and currently, short sellers hold a 0.19% ratio of that float. The average trading volume of GORO on November 15, 2024 was 1.51M shares.
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GORO) stock’s latest price update
Gold Resource Corp (AMEX: GORO) has experienced a decline in its stock price by -6.10 compared to its previous closing price of 0.14. However, the company has seen a fall of -16.31% in its stock price over the last five trading days. businesswire.com reported 2024-11-05 that DENVER–(BUSINESS WIRE)–Gold Resource Corporation (NYSE American: GORO) (the “Company”) is pleased to announce its third quarter operational results from its Don David Gold Mine (“DDGM”) near Oaxaca, Mexico, and a corporate update on its other activities. 2024 Q3 Summary include: Produced and sold 1,357 ounces of gold and 181,434 ounces of silver Produced and sold 1,473 tonnes of zinc, 98 tonnes of copper, and 467 tonnes of lead Working capital of $6.1 million and cash balance of $1.4 million.
GORO’s Market Performance
GORO’s stock has fallen by -16.31% in the past week, with a monthly drop of -66.81% and a quarterly drop of -68.39%. The volatility ratio for the week is 7.83% while the volatility levels for the last 30 days are 15.54% for Gold Resource Corp The simple moving average for the past 20 days is -32.95% for GORO’s stock, with a -65.22% simple moving average for the past 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 -54.44% 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 -81.14% of loss for the given period.
Volatility was left at 15.54%, however, over the last 30 days, the volatility rate increased by 7.83%, as shares sank -68.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -60.34% lower at present.
During the last 5 trading sessions, GORO fell by -16.12%, which changed the moving average for the period of 200-days by -47.98% in comparison to the 20-day moving average, which settled at $0.1997. In addition, Gold Resource Corp saw -64.39% 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:
- -0.36 for the present operating margin
- -0.27 for the gross margin
The net margin for Gold Resource Corp stands at -0.62. The total capital return value is set at -0.19. Equity return is now at value -57.78, with -26.25 for asset returns.
Currently, EBITDA for the company is 5.15 million with net debt to EBITDA at 0.26. When we switch over and look at the enterprise to sales, we see a ratio of 0.16. The receivables turnover for the company is 13.48for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.38.
Conclusion
To put it simply, Gold Resource Corp (GORO) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
