Gold Resource Corporation (AMEX: GORO) stock fell -2.29% on Friday to $1.71 against a previous-day closing price of $1.75. With 0.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.62 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $1.7500 whereas the lowest price it dropped to was $1.6700. The 52-week range on GORO shows that it touched its highest point at $2.63 and its lowest point at $1.50 during that stretch. It currently has a 1-year price target of $4.62. With its current market cap of 154.70 million, GORO has annualized dividend of $0.04 while the current yield stands at 2.34%. Beta for the stock currently stands at 1.44.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GORO was up-trending over the past week, with a rise of 1.79%, but this was up by 9.62% over a month. Three-month performance surged to 0.59% while six-month performance fell -3.39%. The stock gained 3.64% in the past year, while it has gained 11.76% so far this year. A look at the trailing 12-month EPS for GORO yields 0.00 with Next year EPS estimates of 0.04. For the next quarter, that number is 0.03. This implies an EPS growth rate of 217.20% for this year and 166.67% for next year.
Float and Shares Shorts:
At present, 88.39 million GORO shares are outstanding with a float of 87.61 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.83 million, which was 0.94% higher than short shares on Sep 14, 2022. In addition to Mr. Allen Joseph Palmiere B. Comm., B.Com., C.A, C.A. as the firm’s CEO, Pres & Director, Ms. Kimberly C. Perry serves as its CFO & Corp. Sec.
Institutional Ownership:
Through their ownership of 31.06% of GORO’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.07% of GORO, in contrast to 23.29% held by mutual funds. Shares owned by individuals account for 14.55%. As the largest shareholder in GORO with 4.93% of the stake, Van Eck Associates Corp. holds 4,356,298 shares worth 4,356,298. A second-largest stockholder of GORO, The Vanguard Group, Inc., holds 3,974,984 shares, controlling over 4.50% of the firm’s shares. Global X Management Co. LLC is the third largest shareholder in GORO, holding 2,512,932 shares or 2.84% stake. With a 4.54% stake in GORO, the VanEck Junior Gold Miners ETF is the largest stakeholder. A total of 4,016,780 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 3.79% of GORO stock, is the second-largest Mutual Fund holder. It holds 3,353,910 shares valued at 5.13 million. Global X Silver Miners ETF holds 2.84% of the stake in GORO, owning 2,506,900 shares worth 3.84 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GORO since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GORO analysts setting a high price target of $5.00 and a low target of $4.25, the average target price over the next 12 months is $4.63. Based on these targets, GORO could surge 192.4% to reach the target high and rise by 148.54% to reach the target low. Reaching the average price target will result in a growth of 170.76% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. GORO will report FY 2022 earnings on 03/07/2024. Analysts have provided yearly estimates in a range of $0.04 being high and -$0.01 being low. For GORO, this leads to a yearly average estimate of $0.01. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Gold Resource Corporation surprised analysts by $0.10 when it reported $0.11 EPS against a consensus estimate of $0.01. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is $0.03 and the low estimate is $0.03. The average estimate for the next quarter is thus $0.03.
Summary of Insider Activity:
Insiders traded GORO stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 13 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 966,619 while 0 shares were sold.
