Gold Resource Corporation (AMEX:GORO) shares, rose in value on Wednesday, 11/24/21, with the stock price up by 1.48% to the previous day’s close as strong demand from buyers drove the stock to $2.06.
Actively observing the price movement in the last trading, the stock closed the session at $2.03, falling within a range of $2.00 and $2.06. The value of beta (5-year monthly) was 1.76 whereas the PE ratio was 71.03 over 12-month period. Referring to stock’s 52-week performance, its high was $3.78, and the low was $1.55. On the whole, GORO has fluctuated by 13.81% over the past month.
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With the market capitalization of Gold Resource Corporation currently standing at about $162.43 million, investors are eagerly awaiting this quarter’s results, scheduled for Nov 01, 2021 – Nov 05, 2021. The company’s Forward Dividend Ratio is 0.04, with its dividend yield at 1.94%.
Analysts have estimated the company’s revenue for the quarter at $42.29 million, with a low estimate of $50.7 million and a high estimate of $50.7 million. According to the average forecast, sales growth in current quarter could jump up 5.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2021, the company’s y-o-y revenues would reach $90.69 million, representing a decrease of -33.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GORO’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
1 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 1 recommend it as a Buy and 0 called the GORO stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GORO currently trading nearly 1.73% and 14.10% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.52, while the 7-day volatility ratio is showing 4.43% which for the 30-day chart, stands at 5.52%. Furthermore, Gold Resource Corporation (GORO)’s beta value is 1.82, and its average true range (ATR) is 0.10. The company’s stock has been forecasted to trade at an average price of $5.50 over the course of the next 52 weeks, with a low of $5.50 and a high of $5.50. Based on these price targets, the low is -166.99% off current price, whereas the price has to move -166.99% to reach the yearly target high. Additionally, analysts’ median price of $5.50 is likely to be welcomed by investors because it represents a decrease of -166.99% from the current levels.
A comparison of Gold Resource Corporation (GORO) with its peers suggests the former has fared considerably weaker in the market. GORO showed an intraday change of 1.48% in last session, and over the past year, it shrunk by -31.33%%. In comparison, Hecla Mining Company (HL) has moved higher at 0.17% on the day and was up 24.58% over the past 12 months. On the other hand, the price of Royal Gold Inc. (RGLD) has fallen -0.52% on the day. The stock, however, is off -5.76% from where it was a year ago. The PE ratio stands at 71.03 for Gold Resource Corporation, compared to 132.73 for Hecla Mining Company, and 25.01 for Royal Gold Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial Slipped by -0.03%.
Data on historical trading for Gold Resource Corporation (AMEX:GORO) indicates that the trading volumes over the past 10 days have averaged 1.0 million and over the past 3 months, they’ve averaged 688.83K. According to company’s latest data on outstanding shares, there are 74.55 million shares outstanding.
Nearly 0.10% of Gold Resource Corporation’s shares belong to company insiders and institutional investors own 34.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.97 million shares as on Oct 14, 2021, resulting in a short ratio of 3.83. According to the data, the short interest in Gold Resource Corporation (GORO) stood at 2.64% of shares outstanding as of Oct 14, 2021; the number of short shares registered in Sep 14, 2021 reached 2.33 million. The stock has fallen by -29.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GORO stock heading into the next quarter.