Alliance Global Partners has recently initiated Gold Resource Corporation (GORO) stock to Buy rating, as announced on July 21, 2022, according to Finviz. Earlier, on June 11, 2019, ROTH Capital had initiated the stock to Buy, setting a price target of $6.50. H.C. Wainwright also initiated Buy rating with a price target of $7.75. Additionally, Global Hunter Securities reduced Reduce rating on May 9, 2013, with a target price of $8. Global Hunter Securities analysts, in their report published on October 18, 2012, also reduced Neutral rating and set a price target of $22 for Gold Resource Corporation’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Gold Resource Corporation (GORO) Stock Trading Recap
On Thursday, Gold Resource Corporation (GORO) stock saw a decline, ending the day at $0.2 which represents a decrease of $-0.29 or -59.18% from the prior close of $0.49. The stock opened at $0.26 and touched a low of $0.17 during the day, reaching a high of $0.27. The volume of shares traded was 18.54 million exceeding the average volume of 0.60 million.
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GORO Stock Performance and Moving Averages
In recent trading, Gold Resource Corporation (GORO) stock price has shown some volatility, fluctuating -50.64% over the last five trades and -44.01% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -60.18%, and it has plunged by -54.65% in the previous three months. Currently, GORO is trading at -46.51%, -46.33%, and -49.73% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, GORO, a Basic Materials sector stock, is trading -71.96% below its 52-week high but remains -7.52% above its 52-week low. The Average True Range (ATR) (14 days) of 0.06 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Gold Resource Corporation’s Profitability and Valuation Ratios
Gold Resource Corporation’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -28.33% and a profit margin of -52.30%, with a gross margin of -60.18%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Gold Resource Corporation’s market capitalization stands at $18.62 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 0.23, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.27, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.79% of Gold Resource Corporation (GORO)’s shares, while financial institutions hold 15.40%.
