Goro has top rating by independent research provider
Valuation Update: Gold Resource 02/08 09:29 AM
February 8, 2012 (FinancialWire) (Investrend Research Syndicate) -- Valuation specialist independent research provider ValuEngine has upgraded Gold Resource Corp. (GORO:$27.02,00$0.16,000.60%) to a "5" ranking, which is the firm's highest available valuation. Gold Resource Corporation (GORO:$27.02,00$0.16,000.60%) (approx market cap. $1.4 bil.), an exploration stage company, engages in the exploration for and production of gold, silver, precious metals and base metals, including copper, lead and zinc, primarily in Mexico. Newly-updated company and industry analytics by ValuEngine on Gold Resource (GORO:$27.02,00$0.16,000.60%) are available via the Investrend Research Syndicate (at http://www.valuengine.com/rep/searchsrep?pid=42&srchfor=GORO). The ValuEngine rating is an overall assessment of a stock's attractiveness. It combines VE's proprietary valuation, risk-return tradeoff, momentum, market capitalization and VE's proprietary forecasted one-month return. Approximately 80 to 85 companies achieve this highest ValuEngine rating out of VE's total coverage of over 5,000 publicly traded companies. GORO stock last closed at $26.86 per share, while GORO's per-share price has ranged from $15.06 to $31.38 in the last 52 weeks, and its 3-month average daily trading volume has been 219,618 shares. Recent official filings for Gold Resource (GORO:$27.02,00$0.16,000.60%) are accessible via the SEC website (at http://www.sec.gov/edgar/searchedgar/companysearch.html). ValuEngine and the Investrend Research Syndicate both advise investors to exercise a reasonable degree of due diligence before trading in the equities of any public company, including carefully reading entire analyst reports, report disclosures and company filings, and then only in conjunction with advice from a registered financial advisor or broker. Both ValuEngine and the Investrend Research Syndicate further advise that any analyst rating, recommendation, target valuation, price target or opinion should be considered merely a portion of an investor's total investigative process. =========
Thanks, LB. Nice piece of news. From the report ...
"The stock engine rating is an assessment of its overall attractiveness. It combines valuation, risk-return trade-off, momentum, market capitalization and forecasted future returns. Only two percent of the stock universe receives the highest 5-engine rating. The lowest rating is a single engine."
Their research portfolio consists of 7,000 stocks.