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.

Open

0.17

Mkt cap

15M

Volume

1.2M

High

0.17

P/E Ratio

-0.33

52-wk high

0.71

Low

0.15

Div yield

N/A

52-wk low

0.12

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

Gold Resource (AMEX:GORO) reported Q4 2023 earnings with a GAAP EPS of $(0.03), missing the $(0.02) estimate, but sales of $21.141M exceeded the $18.953M estimate. This represents a 34.70% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 9:25 pm

Numerous companies are scheduled to report their earnings on March 13, 2024, covering a wide range of industries from biotech to retail. Notable mentions include Dollar Tree with expected earnings of $2.65 per share on $8.67 billion revenue, and Lennar with an estimate of $2.20 per share on $7.39 billion revenue. Several companies are anticipated to report losses, such as ZIM Integrated Shipping with a projected loss of $1.29 per share.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 10:15 am

Gold Resource (AMEX:GORO) is scheduled to release its quarterly earnings report on March 13, 2024, with analysts expecting an EPS of $-0.09. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to significant share price movements. Last quarter, GORO missed its EPS estimate by $0.04, resulting in an 18.5% drop in share price. Over the last year, GORO's shares have declined by 57.85%, indicating a bearish outlook from long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 4:01 pm

Gold and silver prices surged to new highs following Fed Chair Jerome Powell's hints at potential rate cuts in 2024, boosting mining stocks and ETFs. The SPDR Gold Trust (GLD) and Invesco DB USD Index Bullish Fund ETF (UUP) experienced significant movements, alongside a rally in mining stocks and ETFs like the VanEck Gold Miners ETF (GDX) and the VanEck Junior Gold Miners ETF (GDXJ).

Portfolio Pulse from Piero Cingari

March 06, 2024 | 5:43 pm

Numerous companies are scheduled to report their quarterly earnings on February 13, 2024, with expectations spanning from significant profits to losses across various sectors. Key highlights include anticipated earnings from major corporations such as Coca-Cola, Shopify, Airbnb, and Biogen, reflecting a broad spectrum of industries from technology to consumer goods. The diversity in performance indicators underscores the varying financial health and market expectations for these entities.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 10:06 am

Gold Resource (AMEX:GORO) is scheduled to release its quarterly earnings report on February 13, 2024, with analysts expecting an EPS of $-0.09. The company's past earnings performance shows a history of not meeting EPS estimates, leading to significant share price drops. Shares are currently trading at $0.255, reflecting a 77.45% decrease over the last 52 weeks. Investors are looking for positive guidance for the next quarter to potentially influence the stock's performance.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 7:01 pm

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