Gold Resource Corp [AMEX: GORO] traded at a low on Thursday, posting a -59.75 loss after which it closed the day’ session at $0.20.
The results of the trading session contributed to over 18535466 shares changing hands. Over the past one week, the price volatility of Gold Resource Corp stands at 23.83% while the volatility over the past one month is 12.02%.
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The market cap for GORO stock reached $18.62 million, with 93.52 million shares outstanding and 91.85 million shares in the current float. Compared to the average trading volume of 604.06K shares, GORO reached a trading volume of 18535466 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Gold Resource Corp [GORO]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GORO shares is $1.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GORO stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Alliance Global Partners have made an estimate for Gold Resource Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 21, 2022. While these analysts kept the previous recommendation, ROTH Capital raised their target price to Buy. The new note on the price target was released on June 11, 2019, representing the official price target for Gold Resource Corp stock. Previously, the target price had yet another raise to $7.75, while H.C. Wainwright analysts kept a Buy rating on GORO stock. On May 09, 2013, analysts decreased their price target for GORO shares from 9 to 8.
The Average True Range (ATR) for Gold Resource Corp is set at 0.06, with the Price to Sales ratio for GORO stock in the period of the last 12 months amounting to 0.23. The Price to Book ratio for the last quarter was 0.27, with the Price to Cash per share for the same quarter was set at 0.06.
How has GORO stock performed recently?
Gold Resource Corp [GORO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -50.64. With this latest performance, GORO shares dropped by -44.01% in over the last four-week period, additionally sinking by -60.18% over the last 6 months – not to mention a drop of -52.37% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GORO stock in for the last two-week period is set at 32.91, with the RSI for the last a single of trading hit 28.86, and the three-weeks RSI is set at 35.56 for Gold Resource Corp [GORO]. The present Moving Average for the last 50 days of trading for this stock 0.3710, while it was recorded at 0.4061 for the last single week of trading, and 0.3960 for the last 200 days.
Gold Resource Corp [GORO]: Deeper insight into the fundamentals
Gold Resource Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.43 and a Current Ratio set at 2.17.
Earnings analysis for Gold Resource Corp [GORO]
With the latest financial reports released by the company, Gold Resource Corp posted -0.08/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.04. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GORO.
Insider trade positions for Gold Resource Corp [GORO]
There are presently around $16.30%, or 16.64%% of GORO stock, in the hands of institutional investors. The top three institutional holders of GORO stocks are: VANGUARD GROUP INC with ownership of 5.26 million shares, which is approximately 5.9264%. MIRAE ASSET GLOBAL ETFS HOLDINGS LTD., holding 2.41 million shares of the stock with an approximate value of $$0.9 million in GORO stocks shares; and MIRAE ASSET GLOBAL ETFS HOLDINGS LTD., currently with $$0.56 million in GORO stock with ownership which is approximately 1.6869%.
