Gold Resource Corp (GORO) Investors Will See A Big Return Again

Gold Resource Corp (AMEX:GORO) has a beta value of 1.55 and has seen 1.51 million shares traded in the last trading session. The company, currently valued at $15.93M, closed the last trade at $0.16 per share which meant it gained $0.01 on the day or 6.13% during that session. The GORO stock price is -343.75% off its 52-week high price of $0.71 and 25.0% above the 52-week low of $0.12. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.05 million shares traded. The 3-month trading volume is 1.53 million shares.

The consensus among analysts is that Gold Resource Corp (GORO) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.05.

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Gold Resource Corp (AMEX:GORO) trade information

Sporting 6.13% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GORO stock price touched $0.16 or saw a rise of 1.84%. Year-to-date, Gold Resource Corp shares have moved -58.11%, while the 5-day performance has seen it change 19.68%. Over the past 30 days, the shares of Gold Resource Corp (AMEX:GORO) have changed -20.89%. Short interest in the company has seen 0.18 million shares shorted with days to cover at 0.07.

Gold Resource Corp (GORO) estimates and forecasts

Figures show that Gold Resource Corp shares have underperformed across the wider relevant industry. The company’s shares have lost -68.79% over the past 6 months, with this year growth rate of -123.53%, compared to 20.00% for the industry. Revenue growth from the last financial year stood is estimated to be -14.38%.

1 analysts offering their estimates for the company have set an average revenue estimate of 16.66M for the current quarter.

GORO Dividends

Gold Resource Corp is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Gold Resource Corp (AMEX:GORO)’s Major holders

Insiders own 2.00% of the company shares, while shares held by institutions stand at 16.76% with a share float percentage of 17.10%. Investors are also buoyed by the number of investors in a company, with Gold Resource Corp having a total of 67.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 5.26 million shares worth more than $1.96 million. As of 2024-06-30, VANGUARD GROUP INC held 5.9264% of shares outstanding.

The other major institutional holder is MIRAE ASSET GLOBAL ETFS HOLDINGS LTD., with the holding of over 2.41 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.9 million and represent 2.7133% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Global X Fds-Global X Silver Miners ETF . As of Jun 30, 2024 , the former fund manager holds about 4.00% shares in the company for having 3.81 shares of worth $0.6 million while later fund manager owns 2.17 shares of worth $0.34 million as of Sep 30, 2024 , which makes it owner of about 2.28% of company’s outstanding stock.