HC Wainwright & Co. Maintains Buy on Gold Resource, Lowers Price Target to $1.5
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Heiko Ihle maintains a Buy rating on Gold Resource (AMEX:GORO) but lowers the price target from $1.75 to $1.5.
March 15, 2024 | 1:16 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Gold Resource's price target was lowered from $1.75 to $1.5 by HC Wainwright & Co., though the Buy rating was maintained.
While the reduction in price target could suggest a more conservative outlook on Gold Resource's stock value, the maintenance of a Buy rating indicates a continued positive view on the company's prospects. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the lowered target against the analyst's ongoing endorsement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100