Gold Resource Corp [AMEX: GORO] price surged by 8.20 percent to reach at $2109999.39.
A sum of 6562377 shares traded at recent session while its average daily volume was at 2.11M shares. Gold Resource Corp shares reached a high of $0.77 and dropped to a low of $0.62 until finishing in the latest session at $2110000.0.
The one-year GORO stock forecast points to a potential downside of -168799900.0. The average equity rating for GORO stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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 $1.25 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 Price to Book ratio for the last quarter was 3.23, with the Price to Cash per share for the same quarter was set at 0.04.
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 17.86. With this latest performance, GORO shares gained by 24.53% in over the last four-week period, additionally plugging by 200.00% over the last 6 months – not to mention a rise of 186.83% in the past year of trading.
Insight into Gold Resource Corp Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Gold Resource Corp [GORO] shares currently have an operating margin of -49.81% and a Gross Margin at -40.46%. Gold Resource Corp’s Net Margin is presently recorded at -105.60%.
Return on Equity for this stock declined to -36.81%, with Return on Assets sitting at -36.81%.
Gold Resource Corp [GORO] Institutonal Ownership Details
There are presently around $11.11%, or 11.18%% 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 5.7768%. 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 1.6443%.
