Market Recap: Gold Resource Corp (GORO)’s Positive Momentum%, Closing at $1.1

Kiel Thompson

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The closing price of Gold Resource Corp (AMEX: GORO) was $1.1 for the day, up 2.80% from the previous closing price of $1.07. In other words, the price has increased by $2.80 from its previous closing price. On the day, 5.81 million shares were traded. GORO stock price reached its highest trading level at $1.18 during the session, while it also had its lowest trading level at $1.03.

Ratios:

Our analysis of GORO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.23 and its Current Ratio is at 1.65. In the meantime, Its Debt-to-Equity ratio is 4.60 whereas as Long-Term Debt/Eq ratio is at 4.59.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of. The stock’s future direction. In the most recent recommendation for this company, Alliance Global Partners on July 21, 2022, initiated with a Buy rating and assigned the stock a target price of $4.25.

On June 11, 2019, ROTH Capital started tracking the stock assigning a Buy rating and target price of $6.50.

On March 25, 2019, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $7.75.H.C. Wainwright initiated its Buy rating on March 25, 2019, with a $7.75 target price.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GORO now has a Market Capitalization of 177840384 and an Enterprise Value of 143162704. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.06 while its Price-to-Book (P/B) ratio in mrq is 7.83. Its current Enterprise Value per Revenue stands at 2.873 whereas that against EBITDA is -9.5.

Stock Price History:

The Beta on a monthly basis for GORO is 0.83, which has changed by 1.6190476 over the last 52 weeks, in comparison to a change of 0.13033986 over the same period for the S&P500. Over the past 52 weeks, GORO has reached a high of $1.10, while it has fallen to a 52-week low of $0.12. The 50-Day Moving Average of the stock is 57.52%, while the 200-Day Moving Average is calculated to be 101.46%.

Shares Statistics:

GORO traded an average of 2.74M shares per day over the past three months and 3606840 shares per day over the past ten days. A total of 136.45M shares are outstanding, with a floating share count of 134.12M. Insiders hold about 1.70% of the company’s shares, while institutions hold 10.47% stake in the company. Shares short for GORO as of 1759190400 were 1434673 with a Short Ratio of 0.52, compared to 1756425600 on 1753926. Therefore, it implies a Short% of Shares Outstanding of 1434673 and a Short% of Float of 0.89.

Earnings Estimates

Analysts are recommending an EPS of between -$0.19 and -$0.19 for the fiscal current year, implying an average EPS of -$0.19.

Revenue Estimates

A total of 1 analysts have provided revenue estimates for GORO’s current fiscal year. The highest revenue estimate was $62.53M, while the lowest revenue estimate was $62.53M, resulting in an average revenue estimate of $62.53M. In the same quarter a year ago, actual revenue was $65.73MBased on 1 analysts’ estimates, the company’s revenue will be $145.23M in the next fiscal year. The high estimate is $145.23M and the low estimate is $145.23M.

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