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Gold Resource (GORO) Surges: Stock Moves 21.6% Higher

Zacks Equity Research

Gold Resource Corp (GORO) was a big mover last session, as the company saw its shares rise over 21% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company — as the stock is now down nearly 14% in the past one-month time frame.

The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Gold Resource currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Other better-ranked companies engaged in gold mining that are worth considering at the current level include Agnico Eagle Mines Limited (AEM), AngloGold Ashanti Ltd. (AU) and Alamos Gold Inc. (AGI). While Agnico Eagle Mines and AngloGold Ashanti sport a Zacks Rank #1 (Strong Buy), Alamos Gold has a Zacks Rank #2 (Buy).

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GOLD RESOURCE CORP (GORO): Free Stock Analysis Report

AGNICO EAGLE MINES LTD (AEM): Free Stock Analysis Report

ANGLOGOLD ASHANTI LTD (AU): Free Stock Analysis Report

ALAMOS GOLD INC (AGI): Free Stock Analysis Report

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