How Will Gold Resource Corp (AMEX: GORO)’s Current Price Volatility Affect Its Future Potential?

In the last trading session, 1.01 million Gold Resource Corp (AMEX:GORO) shares changed hands as the company’s beta touched 1.62. With the company’s per share price at $0.17 changed hands at $0.0 or 0.52% during last session, the market valuation stood at $16.49M. GORO’s last price was a discount, traded about -317.65% off its 52-week high of $0.71. The share price had its 52-week low at $0.12, which suggests the last value was 29.41% up since then. When we look at Gold Resource Corp’s average trading volume, we note the 10-day average is 1.23 million shares, with the 3-month average coming to 1.65 million.

Analysts gave the Gold Resource Corp (GORO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended GORO as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.

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Gold Resource Corp (AMEX:GORO) trade information

Instantly GORO was in green as seen at the end of in last trading. With action 10.54%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -53.70%, with the 5-day performance at 10.54% in the green. However, in the 30-day time frame, Gold Resource Corp (AMEX:GORO) is 40.40% up. Looking at the short shares, we see there were 0.13 million shares sold at short interest cover period of 0.04 days.

Gold Resource Corp (GORO) estimates and forecasts

Data shows that the Gold Resource Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -65.11% over the past 6 months, a -123.53% in annual growth rate that is considerably lower than the industry average of 20.50%.

GORO Dividends

Gold Resource Corp is expected to release its next quarterly earnings report in January. During the past 5 years, the average dividend yield was 1.86 per year.

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

If we look at who the major shareholders are, we find that insiders hold 2.00% of Gold Resource Corp shares while 16.76% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 17.10%. There are 16.76% institutions holding the Gold Resource Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 5.9264% of the shares, roughly 5.26 million GORO shares worth $1.96 million.

MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. holds the second largest percentage of outstanding shares, with 2.7133% or 2.41 million shares worth $0.9 million as of 2024-06-30.