Market Insight: Gold Resource Corp (GORO)’s Notable Drop, Closing at 0.43

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In the latest session, Gold Resource Corp (AMEX: GORO) closed at $0.43 down -6.94% from its previous closing price of $0.46. In other words, the price has decreased by -$6.94 from its previous closing price. On the day, 0.63 million shares were traded. GORO stock price reached its highest trading level at $0.47 during the session, while it also had its lowest trading level at $0.43.

Ratios:

For a deeper understanding of Gold Resource Corp’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 2.12. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.50.

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 38343284 and an Enterprise Value of 32695484. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.46 while its Price-to-Book (P/B) ratio in mrq is 0.41. Its current Enterprise Value per Revenue stands at 0.384 whereas that against EBITDA is 73.972.

Stock Price History:

The Beta on a monthly basis for GORO is 1.55, which has changed by -0.5157895 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. Over the past 52 weeks, GORO has reached a high of $0.99, while it has fallen to a 52-week low of $0.22. The 50-Day Moving Average of the stock is 2.07%, while the 200-Day Moving Average is calculated to be 7.18%.

Shares Statistics:

For the past three months, GORO has traded an average of 862.03K shares per day and 682890 over the past ten days. A total of 90.79M shares are outstanding, with a floating share count of 89.93M. Insiders hold about 0.95% of the company’s shares, while institutions hold 17.53% stake in the company. Shares short for GORO as of 1713139200 were 221450 with a Short Ratio of 0.26, compared to 1710460800 on 109822. Therefore, it implies a Short% of Shares Outstanding of 221450 and a Short% of Float of 0.25.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 1.86.

Earnings Estimates

Investors are keenly observing as 1.0 analysts analyze and rate the current performance of Gold Resource Corp (GORO) in the stock market.On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.05, while EPS last year was -$0.05. The consensus estimate for the next quarter is -$0.04, with high estimates of -$0.04 and low estimates of -$0.04.

Analysts are recommending an EPS of between -$0.06 and -$0.19 for the fiscal current year, implying an average EPS of -$0.12. EPS for the following year is -$0.1, with 1.0 analysts recommending between -$0.1 and -$0.1.

Revenue Estimates

A total of 1 analysts believe the company’s revenue will be $16.86M this quarter.It ranges from a high estimate of $16.86M to a low estimate of $16.86M. As of the current estimate, Gold Resource Corp’s year-ago sales were $24.81MFor the next quarter, 1 analysts are estimating revenue of $17.09M. There is a high estimate of $17.09M for the next quarter, whereas the lowest estimate is $17.09M.

A total of 2 analysts have provided revenue estimates for GORO’s current fiscal year. The highest revenue estimate was $105.3M, while the lowest revenue estimate was $66.67M, resulting in an average revenue estimate of $85.99M. In the same quarter a year ago, actual revenue was $97.73MBased on 1 analysts’ estimates, the company’s revenue will be $80.76M in the next fiscal year. The high estimate is $80.76M and the low estimate is $80.76M.

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