Zacks: Gold Resource Corporation (NASDAQ:GORO) Receives Average Recommendation of “Strong Buy” from Analysts

Shares of Gold Resource Corporation (NASDAQ:GORO) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 1 year consensus price objective of $7.13 for the company and are expecting that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also given Gold Resource an industry rank of 16 out of 256 based on the ratings given to related companies.

Several equities analysts recently commented on GORO shares. Roth Capital reissued a “buy” rating on shares of Gold Resource in a research note on Tuesday, June 11th. BidaskClub cut shares of Gold Resource from a “sell” rating to a “strong sell” rating in a research report on Tuesday, April 16th.

NASDAQ:GORO traded down $0.04 on Friday, hitting $3.73. 28,791 shares of the company’s stock were exchanged, compared to its average volume of 668,274. The business has a 50-day simple moving average of $3.46. Gold Resource has a 52 week low of $2.73 and a 52 week high of $6.42.

Gold Resource (NASDAQ:GORO) last released its earnings results on Tuesday, May 7th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $26.58 million for the quarter.

Gold Resource Company Profile

Gold Resource Corporation explores for, develops, produces, and sells gold and silver in Mexico and the United States. It also explores for copper, lead, and zinc. The company's flagship property is the Aguila project comprising 18 mining concessions aggregating approximately 25,264 hectares located in the State of Oaxaca, Mexico.

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