Gold Resource (NYSE:GORO) Upgraded to “Buy” by StockNews.com

Posted by on Aug 2nd, 2022

StockNews.com upgraded shares of Gold Resource (NYSE:GORO – Get Rating) from a hold rating to a buy rating in a research note issued to investors on Monday.

Several other equities analysts also recently commented on GORO. Alliance Global Partners assumed coverage on Gold Resource in a research report on Thursday, July 21st. They issued a buy rating and a $4.25 price objective on the stock. HC Wainwright lowered their price objective on Gold Resource from $5.75 to $5.25 and set a buy rating on the stock in a research report on Friday.

Gold Resource Stock Down 2.8 %

NYSE GORO opened at $1.71 on Monday. The stock has a market capitalization of $151.06 million, a P/E ratio of 13.15 and a beta of 1.60. The firm’s fifty day moving average is $1.72. Gold Resource has a fifty-two week low of $1.50 and a fifty-two week high of $2.63.

Gold Resource (NYSE:GORO – Get Rating) last released its earnings results on Monday, May 9th. The company reported $0.05 earnings per share for the quarter. Gold Resource had a return on equity of 9.35% and a net margin of 7.26%. The company had revenue of $45.42 million for the quarter. Sell-side analysts anticipate that Gold Resource will post 0.15 earnings per share for the current fiscal year.

About Gold Resource

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Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico and the United States. The company also explores for copper, lead, and zinc deposits. Its principal asset is the 100% owned Back Forty project covering approximately 1,304 hectares located in Menominee county, Michigan.

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