Streetbeat News

GORO

Gold Resource Corporation

https://www.goldresourcecorp.com

Industry

Gold

Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico and the United States. The company also explores for copper, lead, and zinc deposits. Its principal asset is the 100% owned Back Forty project covering approximately 1,304 hectares located in Menominee county, Michigan. The company was founded in 1998 and is headquartered in Denver, Colorado.

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HC Wainwright & Co. has maintained its Buy rating on Gold Resource (AMEX:GORO) and raised the price target from $1.5 to $1.75.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 11:46 am

Gold Resource shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:35 pm

Gold Resource (AMEX:GORO) reported Q2 2024 GAAP EPS of $(0.01) and sales of $31.228 million, significantly beating the analyst estimate of $17.649 million. This represents a 25.88% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:54 pm

Anglo American rejected BHP Group's $39B bid, potentially starting a bidding war with Glencore. Gold Resource reported Q1 results with a net loss and detailed production figures. The U.S. Department of Commerce is acting against aluminum dumping, affecting several countries and benefiting Tredegar. Nexa Resources reported a significant quarterly loss but exceeded sales expectations.

Portfolio Pulse from austin@walkonholdings.com

May 03, 2024 | 8:05 pm

Gold Resource (AMEX:GORO) reported Q1 EPS of $(0.05), meeting analyst estimates, with sales of $18.70M surpassing the $15.95M forecast, despite a 40.11% decrease from last year's $31.23M.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:14 pm

Gold Resource (NYSE:GORO) reported Q1 sales with significant metal outputs and ongoing efficiency efforts. Worthington Steel (NYSE:WS) was recognized as a partner-level supplier by John Deere (NYSE:DE) for the 12th consecutive year. U.S. Gold (NASDAQ:USAU) announced a $4.9 million direct offering. Ioneer (NASDAQ:IONR) discussed progress at its Rhyolite Ridge lithium site, highlighting its contribution to America's critical minerals supply chain. Kaiser Aluminum (NASDAQ:KALU) declared a quarterly dividend of 77 cents per share.

Portfolio Pulse from Austin DeNoce

April 16, 2024 | 9:01 pm

Gold Resource Corporation (GORO) reported its preliminary Q1 results, including sales of 3,557 ounces of gold, 216,535 ounces of silver, resulting in 5,965 gold equivalent ounces. The company also sold 1,682 tonnes of zinc, 264 tonnes of copper, and 667 tonnes of lead.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:51 am

Gold prices surged to over $2,200 per ounce, influenced by the Federal Reserve's indication of interest rate cuts, leading to a 30% rally in several gold mining stocks. Bank of America analysts favor gold as a trade for 2024, citing its hedge status, central bank accumulations, and potential ETF investor increases. Despite gold's rise, some mining stocks like the VanEck Gold Miners ETF (GDX) lag behind. Bank of America identifies undervalued stocks such as Centerra Gold Inc. (CGAU), B2Gold Corp. (BTG), Barrick Gold Corp. (GOLD), and Newmont Corp. (NEM), recommending stocks with high upside beta ratios.

Portfolio Pulse from Piero Cingari

March 22, 2024 | 3:56 pm

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.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 1:16 pm

Gold Resource (AMEX:GORO) reported Q4 earnings with an EPS of $-0.03, beating estimates by 67.0% but with a revenue decrease of $11.23 million from the previous year. The company had previously missed EPS estimates last quarter, leading to an 18.0% share price drop the following day.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 9:25 pm

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