GORO - Gold Resource Corporation
| Previous Close | 3.0000 |
| Open | 2.9400 |
| Bid | 2.7800 x 3200 |
| Ask | 2.7200 x 800 |
| Day's Range | 2.7000 - 3.0100 |
| 52 Week Range | 2.0200 - 6.2400 |
| Volume | 1,141,567 |
| Avg. Volume | 1,061,759 |
| Market Cap | 178.024M |
| Beta (5Y Monthly) | 1.45 |
| PE Ratio (TTM) | 30.11 |
| EPS (TTM) | 0.0900 |
| Earnings Date | Mar 02, 2020 |
| Forward Dividend & Yield | 0.04 (1.33%) |
| Ex-Dividend Date | Apr 08, 2020 |
| 1y Target Est | 7.38 |
- TipRanks
3 Gold Penny Stocks With Over 70% Potential Upside
Is your portfolio as good as gold? The precious metal has gained in price this year, as the coronavirus epidemic hit economies hard and investors went seeking a safe store of value. Gold, of course, is the traditional financial safe haven, and the price rose above $1,600 per ounce this month. It showed a deep dip in last week’s market crash, but rose again sharply in yesterday’s general market rally. The Comex price is now $1,650.Of course, precious metals are not the only investment. We may be in a bear market, and COVID-19 may have shuttered large sections of the economy, but many investors still want to stay in stocks. That was clear from this week's surge, when the S&P 500 gained 16%. The rally has raised a question, though – where to invest?This is where TipRanks comes to the rescue. Using an array of accurate, updated market data, along with the tools to search the database, investors can find the right answer to that question. To get the process started, we’ve pulled up three stocks that deserve a second look.All three are gold miners – because simply buying metal is not the only way to invest in gold. These companies offer investors a way to tie their fortunes to the metal by getting into the gold industry at the source. The mining companies offer a unique combination of traits: an especially low cost of entry, a Buy rating, and a pronounced upside potential, in excess of 35%.In a report for H.C. Wainwright, analyst Heiko Ihle lays out the prospects for each of these companies, and several others. Ihle takes into account current conditions, as well as the impact of COVID-19 on operations. Let's take a closer look:Golden Star Resources (GSS)First on our list is a Canadian-based company with operations in the African nation of Ghana. Golden Star has two mines, Wassa and Prestea, in the southwestern area of Ghana. The mines production last year reached 203,800 ounces, in the upper end of the company’s guidance, at a price per ounce ranging from $560 to $1,000. The lowest market price for gold last year was approximately $1,300 per ounce, making the Golden Star innately profitable.That was borne out by the company’s quarterly reports through the year. GSS returned positive EPS each quarter in 2019. In Q4, the company reported 52,700 ounces production, 8% higher year-over-year. For the full year, GSS showed cash flow of $22.8 million, nearly triple the 2018 figure, and finished the year with $53.4 million cash on hand.Golden Star also has an active exploration program, with a $13.4 million budget. The company’s exploration operations aim to expand the current mining areas, rather than open new ones.In his comments on GSS, Ihle states his belief that the company is undervalued, after falling 36% in recent months. He goes on to say, “We … highlight the firm’s large cash and cash equivalent position of $53.4M, which is roughly 22% of the company’s current market cap. While Golden Star has endured some operational hardships over the past year, we nonetheless believe that management is taking the necessary steps to improve future performance at its sites through the reduction of mining costs and thereby ultimately drive returns...”As a result, Ihle reiterates a Buy rating on GSS shares, while his $4.70 price target suggest a strong upside of 73%. (To watch Ihle’s track record, click here)GSS has an even split between Buys and Holds, with two of each, giving the stock a Moderate Buy rating from the analyst consensus. Shares are priced in the penny range, at $2.58, and the average price target of $3.86 implies room for a 50% upside growth potential. (See Golden Star’s price targets at TipRanks)Asanko Gold (AKG)This is another Canadian-based company. With its large natural resources, Canada has a great deal of mining experience, and it is not unusual for Canadian mining companies to operate overseas. Asanko, like GSS above, has active mines in Ghana, along with nearly 4.8 million ounces of proven and probable gold reserves in its areas of operations.The most recent fiscal quarter, Q4 2019, was good for AKG, as the company reported record quarterly production of 66,112 ounces at a cost well below the market price per ounce. The company sold 66,095 ounces of gold during the same period, generating $96.8 million in revenues. For the full year, AKG total production was 251,044, also a record, and sales of 248,862 ounces, at an average price of $1,376 per ounce, generated record sales revenue of $342.4 million.Looking ahead, Asanko guides toward 225,000 to 245,000 ounces in total production for 2020, slightly lower than this past year. The company is setting aside an exploration budget of $10 million.Ihle believes that AKG is another highly undervalued stock. In his comments, he points out the company’s solid foundation for further growth: “…the mine is expected to produce 2.1M oz of gold over an expected 10-year mine life. We further highlight steady cash flow from the site, which should permit the firm to pursue additional cost reductions through investment, while allowing for regional exploration of Asanko’s 21,000 hectare land package.”With a large reserve of recoverable gold available underground, and the resources available to exploit it, AKG gets a Buy rating from Ihle. The analyst sets a $2.40 price target, indicative of a 173% upside potential. (To watch Ihle’s track record, click here)At just 87 cents per share, AKG is a true penny stock. But it may be a gold mine for investors, as the average price target of $2.14 suggests room for a sky-high 146% upside in the coming 12 months. AKG has 2 recent analyst reviews, and both are Buy-side, giving the stock a Moderate Buy consensus rating. (See Asanko’s stock-price forecast at TipRanks)Gold Resource Corporation (GORO)For our last gold penny stock, we move to the Americas. Gold Resource, based in Colorado Springs, has active mines in Mexico’s Oaxaca state, in the southern part of the country, as well as the US state of Nevada, which has long been known for precious metal production and is even nicknamed the ‘Silver State.’GORO’s active mines gave record production in 2019, putting out a total of 40,318 ounces of gold and 1,732,604 ounces of silver for the full year. The bulk of that production came from Oaxaca; the Nevada operations are not yet at full development. GORO’s net sales in 2019 totaled $135.4 million, and brought in $5.8 million in net income, for an EPS of 9 cents. It was the company’s ninth consecutive profitable year.During 2019, GORO returned $113 million to shareholders through its dividend. The company pays out 4 cents per share monthly, making the yield a modest 1.41%. The payout ratio, however, is also low, at just 9.6%, showing that GORO can easily sustain the dividend and increase it at current income levels.Looking ahead, GORO clearly expects income levels to remain intact. The company guides toward 2020 production of 54,000 gold ounces and 1,700,000 silver ounces, with a plus/minus of 10%. This is in-line with achieved 2019 production.Heiko Ihle is bullish on GORO, as seen in his Buy rating and $8 price target. That target implies an upside for the stock of 170%. (To watch Ihle’s track record, click here)Commenting on GORO, Ihle wrote, “…shares continue to be undervalued despite maintaining two strong precious metal operations in top tier mining jurisdictions. Additionally, the firm continues to enhance both its Nevada and Oaxaca operations through successful exploration drilling at site.”GORO stock has a Moderate Buy rating from the analyst consensus, with both of the recent reviews rating the stock as a Buy proposition. GORO shares are selling for $2.96, and the average price target of $7.38 indicates that there may be room here for 148% upside share appreciation. (See Gold Resource’s analyst ratings at TipRanks)
- Simply Wall St.
A Sliding Share Price Has Us Looking At Gold Resource Corporation's (NYSEMKT:GORO) P/E Ratio
Unfortunately for some shareholders, the Gold Resource (NYSEMKT:GORO) share price has dived 45% in the last thirty...
- GlobeNewswire
Gold Resource Corporation Declares March Monthly Dividend
COLORADO SPRINGS, CO, March 26, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the “Company”) declares its monthly instituted dividend of one-third of a cent per common share for March 2020 payable on April 23, 2020 to shareholders of record as of April 13, 2020. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $113 million to its shareholders in consecutive monthly dividends since July 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
- GlobeNewswire
Gold Resource Corporation Announces Change to Virtual Webcast for 2020 Annual Meeting of Shareholders
COLORADO SPRINGS, CO, March 16, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the “Company”) announced today a change of its 2020 annual meeting of shareholders to a virtual webcast. The annual shareholder meeting will be still be held at 8:00 a.m. Mountain Time on Thursday, May 21, 2020, but in virtual meeting format only, via live webcast. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.
- GlobeNewswire
Gold Resource Corporation Achieves Record Annual Gold Production, Ninth Consecutive Profitable Year, Delivers Earnings of $0.09 Per Share and Provides 2020 Production Outlook
COLORADO SPRINGS, March 02, 2020 -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the “Company” or “GRC”) today announced a ninth consecutive year of.
- GlobeNewswire
Gold Resource Corporation Updates Proven & Probable Reserves, Boosting Consolidated Gold Grade and Ounces
COLORADO SPRINGS, Colo., March 02, 2020 -- Gold Resource Corporation (NYSE American: GORO) (the “Company”) updated its annual reserve estimates as of December 31, 2019,.
- Zacks
Is the Options Market Predicting a Spike in Gold Resource (GORO) Stock?
Investors need to pay close attention to Gold Resource (GORO) stock based on the movements in the options market lately.
- GlobeNewswire
Gold Resource Corporation Announces Fourth Quarter and Year-End 2019 Conference Call
Colorado Springs, CO, Feb. 28, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the “Company”) today announced the timing of its fourth quarter and year-end 2019 earnings conference call scheduled for Tuesday, March 3, 2020. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $113 million back to its shareholders in consecutive monthly dividends since July 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
- GlobeNewswire
Gold Resource Corporation Declares February Monthly Dividend
COLORADO SPRINGS, CO, Feb. 25, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the “Company”) declares its monthly instituted dividend of one-third of a cent per common share for February 2020 payable on March 23, 2020 to shareholders of record as of March 11, 2020. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $113 million to its shareholders in consecutive monthly dividends since July 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
- Simply Wall St.
Are Gold Resource Corporation’s (NYSEMKT:GORO) Returns On Investment Worth Your While?
Today we'll look at Gold Resource Corporation (NYSEMKT:GORO) and reflect on its potential as an investment. To be...
- GlobeNewswire
Gold Resource Corporation Announces 2020 Annual Meeting of Shareholders
COLORADO SPRINGS, CO, Feb. 07, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Gold Resource Corporation (NYSE American: GORO) (the “Company”) announced today that it will hold its annual meeting of shareholders at 8:00 a.m. Mountain Time on Thursday, May 21, 2020 at Embassy Suites located at 10250 East Costilla Avenue, Centennial, CO 80112. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $113 million back to its shareholders in consecutive monthly dividends since July 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
- GlobeNewswire
Gold Resource Corporation Drills High-grade Gold Including 24.38 Meters Grading 1.03 G/T At Scarlet Target Adjacent To Isabella Pearl Mine
COLORADO SPRINGS, Colo., Jan. 29, 2020 -- via NEWMEDIAWIRE – Gold Resource Corporation (NYSE American: GORO) (the “Company”) today announced multiple ore grade intercepts from.
- GlobeNewswire
Gold Resource Corporation Declares January Monthly Dividend
COLORADO SPRINGS, CO, Jan. 27, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the “Company”) declares its monthly instituted dividend of one-third of a cent per common share for January 2020 payable on February 24, 2020 to shareholders of record as of February 11, 2020. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $113 million to its shareholders in consecutive monthly dividends since July 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
- GlobeNewswire
Gold Resource Corporation Achieves Record 2019 Annual Gold Production, Up 50% Year-Over-Year
COLORADO SPRINGS, Jan. 22, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the “Company”) today announced preliminary 2019 consolidated year-end and fourth quarter production results. The Company produced a record 40,318 gold ounces and produced 1,732,604 silver ounces for the 2019 year, which met annual gold and silver production target ranges. With the Isabella Pearl mine reaching commercial production, the Company increased its annual gold production 50% over the prior year.
- Simply Wall St.
Investors Who Bought Gold Resource (NYSEMKT:GORO) Shares Five Years Ago Are Now Up 49%
The main point of investing for the long term is to make money. But more than that, you probably want to see it rise...
- GlobeNewswire
Gold Resource Corporation Declares December Monthly Dividend
COLORADO SPRINGS, CO, Dec. 26, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the “Company”) declares its monthly instituted dividend of one-third of a cent per common share for December 2019 payable on January 23, 2020 to shareholders of record as of January 13, 2020. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $113 million to its shareholders in consecutive monthly dividends since July 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
- Investopedia
Markets Tight-Ranged Except for Silver and Gold
Stocks, bonds, currencies, and commodity markets traded nearly unchanged during the hours of yesterday's abbreviated session at the New York Stock Exchange. The price of silver and gold were notable exceptions, however, as these markets broke significantly higher. The price of silver rose nearly 2%, while gold increased by 1%.
- Insider Monkey
Here is What Hedge Funds Think About Gold Resource Corporation (GORO)
At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of September 30. In this […]
GlobeNewswireGold Resource Corporation Expands Mirador Mine With Intercepts Including 3.72 Meters Grading 1.44 g/t Gold and 990 g/t Silver
COLORADO SPRINGS, Dec. 11, 2019 -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the “Company”) today announced the expansion of its Mirador Mine with.
- Simply Wall St.
Does Gold Resource Corporation (NYSEMKT:GORO) Have A Place In Your Dividend Portfolio?
Dividend paying stocks like Gold Resource Corporation (NYSEMKT:GORO) tend to be popular with investors, and for good...
- GlobeNewswire
Gold Resource Corporation Declares November Monthly Dividend
COLORADO SPRINGS, CO, Nov. 26, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the “Company”) declares its monthly instituted dividend of one-third of a cent per common share for November 2019 payable on December 23, 2019 to shareholders of record as of December 11, 2019. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $112 million to its shareholders in consecutive monthly dividends since July 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
- Thomson Reuters StreetEvents
Edited Transcript of GORO earnings conference call or presentation 30-Oct-19 3:00pm GMT
Q3 2019 Gold Resource Corp Earnings Call
- Simply Wall St.
Just 4 Days Before Gold Resource Corporation (NYSEMKT:GORO) Will Be Trading Ex-Dividend
Gold Resource Corporation (NYSEMKT:GORO) stock is about to trade ex-dividend in 4 days time. Investors can purchase...
- Simply Wall St.
How Does Gold Resource's (NYSEMKT:GORO) P/E Compare To Its Industry, After Its Big Share Price Gain?
Gold Resource (NYSEMKT:GORO) shareholders are no doubt pleased to see that the share price has had a great month...
- GlobeNewswire
Gold Resource Corporation Reports Record Third Quarter Gold Production With Net Income of $3 Million, or $0.05 Per Share
COLORADO SPRINGS, Oct. 29, 2019 -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the “Company” or “GRC”) reported record gold production results for the.
