BlackRock Fund Advisors recently announced the acquisition of new stake in Gold Resource Corporation (AMEX:GORO). The institutional investor has increased its shareholding in the Basic Materials company by 0.16% to 3.99 million shares with purchase of 6435.0 shares. This fresh investment now brings its stake to 5.70% valued currently at $17.51 million. In addition, Dimensional Fund Advisors LP raised its holdings by 0.25 million to 2.66 million shares. And Columbia Management Investment Ad.. has lifted its position by 49.00% or 0.42 million shares – to 1.28 million shares.
With over 1.15 million Gold Resource Corporation (GORO) shares trading Tuesday and a closing price of $3.97 on the day, the dollar volume was approximately $4.58 million. The shares have shown a negative weekly performance of -0.25% and its price on 09/01/20 lost nearly -0.25%. Currently, there are 69.99M common shares owned by the public and among those 67.77M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for GORO have a consensus price objective of $7.37. The analysts have set the share’s price value over the next 12 months at a high of $7.50 and a low of $7.25 should the stock experience a downside. Incidentally, analysts’ outlook for the Gold Resource Corporation stock is 2.00 for the next 12 months. But an upside of 47.07% will see the stock hit the forecast high price target while mean target price for the stock is $7.35.
Insiders at the company have transacted a total of 18 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 83,055 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 28,120 shares.
The top 3 mutual fund holders in Gold Resource Corporation are VanEck Vectors – Junior Gold Mine, Vanguard Total Stock Market Index, and Global X Silver Miners ETF. VanEck Vectors – Junior Gold Mine owns 3.23 million shares of the company’s stock, all valued at over $14.18 million. The company bought an additional 42485.0 shares recently to bring their total holdings to about 4.61% of the shares outstanding. Global X Silver Miners ETF bought 20652.0 shares to bring its total holdings to over 1.54 million shares at a value of $6.76 million. Global X Silver Miners ETF now owns shares totaling to 2.20% of the shares outstanding.
Shares of Gold Resource Corporation (AMEX: GORO) opened at $4.05, up $0.07 from a prior closing price of $3.98. However, the script later closed the day at $3.97, down -0.25%. The company’s stock has a 5-day price change of -0.25% and 1.53% over the past three months. GORO shares are trading -28.34% year to date (YTD), with the 12-month market performance up to 12.78% higher. It has a 12-month low price of $2.02 and touched a high of $6.24 over the same period. Currently, 1.15 million shares have been traded, compared to an average intraday trading volume of 1.25 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.16%, -5.46%, and -7.83% respectively.
Institutional ownership of Gold Resource Corporation (AMEX: GORO) shares accounts for 43.30% of the company’s 69.99M shares outstanding. Mutual fund holders own 17.06%, while other institutional holders and individual stakeholders account for 29.86% and 13.86% respectively.
It has a market capitalization of $274.72M and a beta (3y monthly) value of 1.93. The earnings-per-share (ttm) stands at -$0.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.49% over the week and 5.29% over the month.
Analysts forecast that Gold Resource Corporation (GORO) will achieve an EPS of $0.06 for the current quarter, $0.09 for the next quarter and $0.3 for 2021. The lowest estimate earnings-per-share for the quarter is $0.06 while analysts give the company a high EPS estimate of $0.06. Comparatively, EPS for the current quarter was $0.05 a year ago. Earnings per share for the fiscal year are expected to decrease by -42.80%, and 400.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Gold Resource Corporation (GORO) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the GORO, a number of firms have released research notes about the stock. ROTH Capital stated their Buy rating for the stock in a research note on June 11, 2019, with the firm’s price target at $6.50. H.C. Wainwright coverage for the Gold Resource Corporation (GORO) stock in a research note released on March 25, 2019 offered a Buy rating with a price target of $7.75. Global Hunter Securities was of a view on May 09, 2013 that the stock is Reduce, while Global Hunter Securities gave the stock Neutral rating on October 18, 2012, issuing a price target of $22- $17.50. Global Hunter Securities on their part issued Accumulate rating on August 02, 2012.