Gold Resource Corp [AMEX: GORO] stock went on an upward path that rose over 20.78% on Wednesday, amounting to a one-week price increase of more than 18.21%.
Over the last 12 months, GORO stock dropped by -24.17%. The one-year Gold Resource Corp stock forecast points to a potential upside of 82.0. The average equity rating for GORO stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $30.21 million, with 95.33 million shares outstanding and 93.65 million shares in the current float. Compared to the average trading volume of 2.11M shares, GORO stock reached a trading volume of 10557406 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 0.03, with the Price to Sales ratio for GORO stock in the period of the last 12 months amounting to 0.42. The Price to Book ratio for the last quarter was 0.44, with the Price to Cash per share for the same quarter was set at 0.01.
GORO Stock Performance Analysis:
Gold Resource Corp [GORO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.21. With this latest performance, GORO shares gained by 49.78% in over the last four-week period, additionally sinking by -37.18% over the last 6 months – not to mention a drop of -24.17% 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 67.45, with the RSI for the last a single of trading hit 73.24, and the three-weeks RSI is set at 61.65 for Gold Resource Corp [GORO]. The present Moving Average for the last 50 days of trading for this stock 0.1777, while it was recorded at 0.2371 for the last single week of trading, and 0.3665 for the last 200 days.
Insight into Gold Resource Corp Fundamentals:
Gold Resource Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.89 and a Current Ratio set at 1.38.
Gold Resource Corp [GORO] Institutonal Ownership Details
There are presently around $15.96%, or 16.29%% 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%.
