Gold Resource Stock Today
| GORO Stock | USD 0.53 0.01 1.85% |
Performance12 of 100
| Odds Of DistressLess than 32
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Gold Resource is selling at 0.53 as of the 16th of April 2024; that is -1.85% down since the beginning of the trading day. The stock's open price was 0.54. Gold Resource has about a 32 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for Gold Resource are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 22nd of April 2023 and ending today, the 16th of April 2024. Click here to learn more.
Business Domain Materials | IPO Date 14th of September 2006 | Category Basic Materials |
Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico and the United States. The company was founded in 1998 and is headquartered in Denver, Colorado. Gold Resource operates under Gold classification in the United States and is traded on AMEX Exchange. The company has 88.76 M outstanding shares of which 166.15 K shares are currently shorted by private and institutional investors with about 0.2 trading days to cover. More on Gold Resource
Moving together with Gold Stock
| 0.91 | AA | Alcoa Corp Earnings Call Tomorrow | PairCorr |
| 0.96 | AG | First Majestic Silver Financial Report 2nd of May 2024 | PairCorr |
| 0.82 | AU | AngloGold Ashanti plc Sell-off Trend | PairCorr |
Moving against Gold Stock
| 0.74 | NC | NACCO Industries | PairCorr |
| 0.69 | X | United States Steel Financial Report 25th of April 2024 | PairCorr |
| 0.62 | VALE | Vale SA ADR Sell-off Trend | PairCorr |
Gold Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Gold Resource's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Gold Resource or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and President and Director | Jason Reid | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Metals & Mining, Materials, Basic Materials, Precious Metals, Gold and Gold Mining, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Gold Resource report their recommendations after researching Gold Resource's financial statements, talking to executives and customers, or listening in on Gold Resource's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Gold Resource. The Gold consensus assessment is calculated by taking the average forecast from all of the analysts covering Gold Resource. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the measurements of operating efficiency obtained from Gold Resource's historical financial statements, Gold Resource is not in a good financial situation at the present time. It has a very high likelihood of going through financial trouble in May. Financial strength of Gold Resource is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Gold Resource's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Gold Resource's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Gold Resource's financial leverage. It provides some insight into what part of Gold Resource's total assets is financed by creditors.
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Gold Resource (GORO) is traded on NYSE MKT Exchange in USA. It is located in 7900 East Union Avenue, Denver, CO, United States, 80237 and employs 504 people. Gold Resource is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 47.68 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Gold Resource's market, we take the total number of its shares issued and multiply it by Gold Resource's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Gold Resource conducts business under Metals & Mining sector and is part of Materials industry. The entity has 88.76 M outstanding shares of which 166.15 K shares are currently shorted by private and institutional investors with about 0.2 trading days to cover.
Gold Resource currently holds about 33.34 M in cash with (5.22 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.38.
Check Gold Resource Probability Of Bankruptcy
Ownership AllocationGold Resource secures a total of 88.76 Million outstanding shares. Roughly 80.0 (percent) of Gold Resource outstanding shares are held by general public with 0.69 % owned by insiders and only 19.63 pct. by outside corporations. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Gold Ownership Details
Gold Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Gold Resource jumping above the current price in 90 days from now is about 5.09%. The Gold Resource probability density function shows the probability of Gold Resource stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Gold Resource has a beta of -0.0714. This usually indicates as returns on the benchmark increase, returns on holding Gold Resource are expected to decrease at a much lower rate. During a bear market, however, Gold Resource is likely to outperform the market. Moreover, gold Resource has an alpha of 1.0523, implying that it can generate a 1.05 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Gold Resource to move above the current price in 90 days from now is about 5.09 (This Gold Resource probability density function shows the probability of Gold Stock to fall within a particular range of prices over 90 days) .
Gold Resource Historical Income Statement
Gold Resource Income Statement is one of the three primary financial statements used for reporting Gold's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Gold Resource revenue and expense. Gold Resource Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Gold Resource's Total Revenue is very stable compared to the past year. As of the 16th of April 2024, Depreciation And Amortization is likely to grow to about 28.2 M, while Interest Expense is likely to drop about 1.4 M. View More FundamentalsGold Stock Against Markets
Picking the right benchmark for Gold Resource stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Gold Resource stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Gold Resource is critical whether you are bullish or bearish towards Gold Resource at a given time. Please also check how Gold Resource's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Gold Resource without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Gold Resource Corporate Directors
Gold Resource corporate directors refer to members of a Gold Resource board of directors. The board of directors generally takes responsibility for the Gold Resource's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Gold Resource's board members must vote for the resolution. The Gold Resource board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Alexander Morrison | Director | Profile | |
| Kimberly Perry | Independent Director | Profile | |
| Gary Huber | Independent Director | Profile | |
| Tor Falck | Independent Director | Profile |
How to buy Gold Stock?
Before investing in Gold Resource, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Gold Resource. To buy Gold Resource stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Gold Resource. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Gold Resource stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Gold Resource stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Gold Resource stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Gold Resource, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Gold Stock please use our How to Invest in Gold Resource guide.
Already Invested in Gold Resource?
The danger of trading Gold Resource is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Gold Resource is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Gold Resource. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Gold Resource is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Gold Resource offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gold Resource's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gold Resource Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gold Resource Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gold Resource. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Gold Stock, please use our How to Invest in Gold Resource guide.You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Gold Stock analysis
When running Gold Resource's price analysis, check to measure Gold Resource's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gold Resource is operating at the current time. Most of Gold Resource's value examination focuses on studying past and present price action to predict the probability of Gold Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Resource's price. Additionally, you may evaluate how the addition of Gold Resource to your portfolios can decrease your overall portfolio volatility.
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Is Gold Resource's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gold Resource. If investors know Gold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gold Resource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.742 | Earnings Share (0.18) | Revenue Per Share 1.104 | Quarterly Revenue Growth (0.35) | Return On Assets (0.06) |
The market value of Gold Resource is measured differently than its book value, which is the value of Gold that is recorded on the company's balance sheet. Investors also form their own opinion of Gold Resource's value that differs from its market value or its book value, called intrinsic value, which is Gold Resource's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gold Resource's market value can be influenced by many factors that don't directly affect Gold Resource's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gold Resource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold Resource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold Resource's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.