An analyst sees good growth prospects for Gold Resource Corp (GORO)

With 6.01 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.31 million shares. The 52-week range on GORO shows that it touched its highest point at $0.71 and its lowest point at $0.12 during that stretch. It currently has a 1-year price target of $1.50. Beta for the stock currently stands at 1.48.

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 13.01%, but this was up by 0.70% over a month. Three-month performance surged to 151.54% while six-month performance fell -7.02%. The stock gained 35.36% in the past year, while it has gained 55.89% so far this year.

Float and Shares Shorts:

At present, 95.45 million GORO shares are outstanding with a float of 93.77 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GORO since 1 analysts follow the stock currently. There are 1 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.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.41 being high and -$0.41 being low. For GORO, this leads to a yearly average estimate of -$0.41. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.