Gold Resource Corp (AMEX:GORO) traded at $0.13 at close of the session on Monday, November 04 and made a downward move of -6.36% on its previous day’s price.
Looking at the stock we see that its previous close was $0.14 and the beta (5Y monthly) reads 1.461 with the day’s price range being $0.1311 – $0.169. In terms of its 52-week price range, GORO has a high of $0.71 and a low of $0.12. The company’s stock has lost about -61.57% over that past 30 days.
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Gold Resource Corp has a market cap of $13.84 million and is expected to release its quarterly earnings report in December. 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 100% Sell, while medium term indicators assign it an average of 100% 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 -56.69% off its SMA20 and -60.82% from its 50-day simple moving average. The RSI (14) is pointing at 30.16 while the volatility over the past week is 16.69% and jumps to 15.60% over the past one month. The beta value is 1.51, while the average true range (ATR) is currently pointing at 0.05.
Coming back to Gold Resource Corp (AMEX:GORO), we note that the average 3-month trading volume was 1.31 million, while that of the preceding 10-day period stands at 5.22 million. Current shares outstanding are 93.52 million.
The insiders hold 1.79% of the company’s shares while institutions hold 15.39%. The data shows that short shares as of 2024-10-15, stood at 0.15 million at a short ratio of 0.28. This represents a 16.00 short interest in shares outstanding on 2024-10-15. Shares short rose in October from the previous month at 80859.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -65.13% down in year-to-date price movement.
