Gold Resource Corp (AMEX:GORO) traded at $0.44 at last check on current trade day and made an upward move of 5.09% on its previous day’s price.
Looking at the stock we see that its previous close was $0.42 and the beta (5Y monthly) reads 1.461 with the day’s price range being $0.423 – $0.479. In terms of its 52-week price range, GORO has a high of $0.71 and a low of $0.22. The company’s stock has gained about 22.07% over that past 30 days.
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Gold Resource Corp has a market cap of $41.34 million and is expected to release its quarterly earnings report on 2024-Oct-16. Estimates by analysts give the company expected earnings per share (EPS) of -0.05, with the EPS growth for the year raised at -0.41 for current year and -0.41 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 16.66M, with a low of 16.66M and a high of 16.66M. The median projection represents growth adding up to -18.90% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 80.95M, or -17.20% down from figures reported last year.
On the other hand, looking at the outlook for the GORO stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Gold Resource Corp (GORO) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 24.12% off its SMA20 and 21.12% from its 50-day simple moving average. The RSI (14) is pointing at 69.03 while the volatility over the past week is 8.71% and jumps to 7.72% over the past one month. The beta value is 1.43, while the average true range (ATR) is currently pointing at 0.03.
Coming back to Gold Resource Corp (AMEX:GORO), we note that the average 3-month trading volume was 558.71K, while that of the preceding 10-day period stands at 0.48 million. Current shares outstanding are 93.52 million.
The insiders hold 1.79% of the company’s shares while institutions hold 16.48%. The data shows that short shares as of 2024-09-30, stood at 64871.0 at a short ratio of 0.11. This represents a 7.00 short interest in shares outstanding on 2024-09-30. Shares short rose in September from the previous month at 41478.0. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 17.55% up in year-to-date price movement.
