Gold Resource Corp (GORO): A Great Stock For Handling Current Market Conditions?

Currently, there are 136.45M common shares owned by the public and among those 134.12M shares have been available to trade.

The company’s stock has a 5-day price change of 17.86% and 29.49% over the past three months. GORO shares are trading 67.09% year to date (YTD), with the 12-month market performance up to 186.83% higher. It has a 12-month low price of $0.12 and touched a high of $0.74 over the same period. GORO has an average intraday trading volume of 2.11 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 7.51%, 15.07%, and 68.26% respectively.

Institutional ownership of Gold Resource Corp (AMEX: GORO) shares accounts for 10.82% of the company’s 136.45M shares outstanding.

It has a market capitalization of $90.06M and a beta (3y monthly) value of 0.81. The earnings-per-share (ttm) stands at -$0.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.31% over the week and 7.16% over the month.

Looking at the support for the GORO, a number of firms have released research notes about the stock. Alliance Global Partners stated their Buy rating for the stock in a research note on July 21, 2022, with the firm’s price target at $4.25. ROTH Capital coverage for the Gold Resource Corp (GORO) stock in a research note released on June 11, 2019 offered a Buy rating with a price target of $6.50. H.C. Wainwright was of a view on March 25, 2019 that the stock is Buy, while Global Hunter Securities gave the stock Reduce rating on May 09, 2013, issuing a price target of $9- $8. Global Hunter Securities on their part issued Neutral rating on October 18, 2012.

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