Following The Money: Institution’s Growing Stake In Gold Resource Corp (AMEX: GORO)

Gold Resource Corp (GORO) concluded trading on Thursday at a closing price of $0.22, with 6.98 million shares of worth about $1.54 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -48.42% during that period and on December 19, 2024 the price saw a gain of about 30.59%. Currently the company’s common shares owned by public are about 95.33M shares, out of which, 93.65M shares are available for trading.

Stock saw a price change of 32.16% in past 5 days and over the past one month there was a price change of 47.72%. Year-to-date (YTD), GORO shares are showing a performance of -41.30% which decreased to -26.19% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.12 but also hit the highest price of $0.71 during that period. The average intraday trading volume for Gold Resource Corp shares is 1.77 million. The stock is currently trading 27.42% above its 20-day simple moving average (SMA20), while that difference is up 3.73% for SMA50 and it goes to -41.12% lower than SMA200.

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Gold Resource Corp (AMEX: GORO) currently have 95.33M outstanding shares and institutions hold larger chunk of about 15.88% of that.

The stock has a current market capitalization of $21.04M and its 3Y-monthly beta is at 1.58. It has posted earnings per share of -$0.50 in the same period. It has Quick Ratio of 0.89 while making debt-to-equity ratio of 0.91. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GORO, volatility over the week remained 20.77% while standing at 12.76% over the month.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Alliance Global Partners on July 21, 2022 offering a Buy rating for the stock and assigned a target price of $4.25 to it. Coverage by ROTH Capital stated Gold Resource Corp (GORO) stock as a Buy in their note to investors on June 11, 2019, suggesting a price target of $6.50 for the stock. On March 25, 2019, H.C. Wainwright Initiated their recommendations, while on May 09, 2013, Global Hunter Securities Downgrade their ratings for the stock with a price target of $8. Stock get a Neutral rating from Global Hunter Securities on October 18, 2012.

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