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Gold Resource Corporation (GORO)

NYSE American - Nasdaq Real Time Price. Currency in USD
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1.9300-0.0200 (-1.03%)
At close: 04:00PM EDT
1.9300 0.00 (0.00%)
After hours: 07:52PM EDT
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  • R
    Richard
    Read good article on this, concerns were raised over $250+ funding for back40, would dilution play a part wrecking our lovely float? Suggestions welcome. Like this stock hoping for big future
    Bullish
  • J
    John
    There is no way in this World that Gold would be going down in this kink of market with all the printing.. If you don't believe that the Fed controls the price you are very mistaken. Gold will fly one of these days when this country loses control and it will.
  • B
    Bob
    Gold miners are doing well today. Let us see if this is start of bull run for miners
    Bullish
  • A
    Anonymous
    H.C. Wainwright Sticks to Its Buy Rating for Gold Resource (GORO)
    May 11, 2022
    Analyst Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Gold Resource (GORO), with a $5.75 price target.
  • J
    Jason
    It's a great tragedy that the Eastern world holds on to and buys as much gold as they can, while the Western world buys "digital coins", like over 10,000 different types of them. and in the meantime, our Fed has printed us into an stagflationary world where all the gold they have sold would come in handy.
  • C
    Celty
    Earnings were good but lost in all the macro bad news. Now markets looking forward at weaker metal prices.
  • O
    OBV
    TA Update #20 Daily Chart
    Bottom breakout pattern,3/8/22 to 5/13/22

    Price & OBV support area.
    Price 3/15/22 lowest trade 2.00,
    OBV 3/16/22 lowest OBV -7,005,438

    First TEST of support area.
    5/2/22 cl pr 1.79,lowest trade 1.75,OBV -4,684,031,price broke below 2.00,no test of OBV support.

    First price reversal attempt at bottom pattern lowest trade 2.00 failed.
    5/4/22 cl pr 2.01,OBV -2,706,262

    Deeper price test followed.
    5/9/22 cl pr 1.69,OBV -5,810,780,lower price,still no OBV test of 3/16/22 low,only price.

    5/13/22 Time 11:30 AM
    Highest trade 1.94,OBV -2,121,389 indicator now at it's highest in test area.
    Volume bullish during test,waiting for next price reversal attempt at 2.00
    Bullish
  • I
    I Heard That Brother
    Q1 production results were incredible & way above expectations! We now have fundamental confirmation supporting much, much higher GORO stock price.

    Key qtr highlights:

    Avg gold grade hit 3 grams/ton. +49% increase vs 2.01 avg. last year & 7-year record. WOW

    Get this:

    Q1 gold sold 8,381 ozs up 37% sequentially vs Q4 & 33,524 ozs annualized run rate, already blowing away this year’s 24-26,800 guidance!

    Gold equivalent ozs (GEO) were also stunning reaching 11,729 ozs. this qtr, up 19.1% or 1,881 ozs sequentially vs Q4.

    That’s an annualized run rate of 46,916 GEO's, up 9,390 ozs or + 25% vs yr ago. WOW.

    Gold production is obviously accelerating higher and is not coming from higher overall ore production. Q1 total ore tonnes milled was flat vs last qtr at 135,801.

    Higher gold production is coming from higher gold grades and maybe from the new process to recover 6-10% more gold from the zinc concentrate. All good. Means more cash flow and profits.

    Q122 Production & Sales Analysis based on 4/14/22 PR

    Gold sold 8,381 ozs

    Silver sold 253,061 ozs

    Gold equivalent ounces (GEO) = 11,729 ozs

    Actual Q1 avg gold price realized $1,898

    Total gold and silver revenue $22.26M

    Copper: 408 Mt x $10,144 ($4.60/lb) = $4.14M

    Lead: 1,639 Mt x $2,347 ($1.06/lb) = $3.85M

    Zinc: 4,359 Mt x $3,842 ($1.74/lb) = $16.75M

    Total Q122 revenue is $47.04M, up almost $9 million or +23.5% sequentially vs Q421. We now have validation that revenues have started to accelerate higher.

    This equals $188.2M annualized run rate, or $40.4 million more than GORO’s only not for long analyst $147.7M estimate for this year.

    His 2022 EPS estimate of 8 cents is obviously too low too and so is his $5.75 12-month GORO price target

    GORO patience is finally starting to pay off. Up 63% so far this year! and finally starting to reflect both company and industry fundamental improvements.

    I’m sticking to my $6.54 triangle breakout upside target or +158% from here. Can certainly support that price fundamentally.
  • F
    Fairmont
    Bought more today... This stock is manipulated downward to force the weak hands. Ray Charles could see it.
    Bullish
  • V
    Vikesbull
    Surprised stock sales not going into gold. High dollar probably why. Probably wait for stocks to bottom while waiting in cash
    Bearish
  • A
    Agian33
    $ 4 Million Operating Cash Flows ??? Anyone ? Hanz ?
  • R
    Richard
    I think our time is coming soon on the miners
    Bullish
  • Y
    Yooper John
    Bought more GORO today at the close
  • R
    Richard
    100/200 MA about to X on daily. Little pullback before slingshot. Gold testing 2100 soon market is in a bad way and general works economics
    Bullish
  • B
    Bob
    Junior miners bottomed
    Bullish
  • W
    William
    Gold Resource Corporation (NYSE American: GORO) (the "Company") sold a total of 8,381 ounces of gold and 265,407 ounces of silver in Q 1 2022 for a gold equivalent total of 11,729 ounces. Additionally, the Company sold 4,359 tonnes of zinc, 408 tonnes of copper, and 1,639 tonnes of lead contributing to a strong cash balance of over $31 million.
  • B
    Bob
    GORO will be ok with production 59% higher year over year and metal prices rising.

    I was expecting $4 in April but it did not happen because of everybody focusing on what FED will do.
    We have to focus on what they already did. They printed trillions of $$$$$$.
    We know they will rise rates for about 2% by the end of the year.
    What we do not know is what real inflation is going to be?
    10%??
    20%
    They do not tell you that
    40% new $$$ was printed in last 2 years
    Every time FED have meeting offshore accounts working against GOLD so FED looks god at least for a few days. Than back to reality GOLD goes up.
    $3000 in 2022
    If FED does not crush economy GORO will be $20 + in 2023
    Otherwise everything will crush including Gold
    Bullish
  • C
    Celty
    This market is uninvestable.
  • O
    OBV
    TA Update # 18 Daily Chart

    Week # 5 in Price & OBV bottom breakout pattern above 2.30,made only one closing price 2.56 above previous highest trade 2.54 with lower OBV.
    4/14/22 new highest trade 2.58
    4/18/22 closing price 2.56,closed below 2.58 made NEW highest trade 2.63
    OBV 225k from making new high in breakout pattern,waiting for FIRST cl pr above highest trade now 2.63 & at the same time new OBV high,if it happens could see price & OBV go into hyper drive,tomorrow could be the day.
  • R
    Richard
    Next big leg coming
    Bullish
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