Is Gold Resource Corporation (GORO) A Solid Choice On The Value Front?

The stock of Gold Resource Corporation (AMEX:GORO) decreased by -$0.04 on Friday to finish at $1.71, down -2.29 percent. The last five days have seen an average of 464,420 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $0.1800. The average number of shares traded over the last 20 days was 580,990, while the average volume over the last 50 days totaled 574,610.

GORO stock appreciated 9.62% since last month. On 12/30/22, the company’s shares reached a one-month low of $1.5000. The stock touched a high of $2.63 on 01/26/23, after rallying from a low of $1.50 in 52 weeks. The price of GORO stock has risen by 11.76% or $0.1800 this year, reaching a new high 12 times. Still, the stock price is down -34.98% from the 52-week high.

Valuation Metrics

Beta for the stock is 1.44. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.07, the price-to-book (PB) ratio of 1.31.

Financial Health

For the three months ended September 29, Gold Resource Corporation’s quick ratio was 1.80, while its current ratio was 2.50, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 26.50% percent. Gold Resource Corporation’s operating margin stood at 9.50% for the same period. Based on annual data, it had gross profit of $36.75 million and revenue of $125.2 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GORO’s return on assets (ROA) during the last 12 months has been -0.20%. There was a 7.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -0.30%.

Earnings Surprise

According to Gold Resource Corporation’s quarterly financial report for the quarter that ended September 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $23.87 million, while revenues fell by -29.2% to $37.06 million. It was predicted that Gold Resource Corporation’s quarterly earnings would be -$0.11, but it ended up being $0.01. EBITDA was -$2.54 million for the quarter. Equity owned by shareholders amounts to $88.4 million.

Technical Picture

Here’s a quick look at Gold Resource Corporation’s (GORO) price momentum from a technical perspective. As of 27 January, the RSI 9-day stood at 54.33%, suggesting the stock is Neutral, with a 46.35% historical volatility rate.

The stochastic %K and %D were 76.44% and 81.04% respectively, while the average true range (ATR) was 0.0720. Based on the 14-day stochastic reading of 57.14%, the RSI (14) reading is 54.73%. On the 9-day MACD Oscillator, the stock is at 0.0533, and the 14-day reading is at 0.0543.

Analyst Ratings

In its analyst report released on July 21, 2022, Alliance Global Partners began covering Gold Resource Corporation (AMEX: GORO). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Gold Resource Corporation (GORO) an Buy rating. GORO is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.

What is GORO’s price target for the next 12 months?

The current consensus forecast for the stock is between $4.25 and $5.00, with a median target price of $4.63. In analyzing these forecasts, the average price target given by analysts for Gold Resource Corporation (GORO) is $4.63.

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