GORO Stock Overview
Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico and the United States.
Gold Resource Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$1.77|
|52 Week High||US$2.63|
|52 Week Low||US$1.50|
|1 Month Change||2.91%|
|3 Month Change||10.63%|
|1 Year Change||12.03%|
|3 Year Change||-49.86%|
|5 Year Change||-54.73%|
|Change since IPO||60.91%|
Recent News & Updates
|GORO||US Metals and Mining||US Market|
Return vs Industry: GORO exceeded the US Metals and Mining industry which returned -6.2% over the past year.
Return vs Market: GORO exceeded the US Market which returned -18.2% over the past year.
|GORO Average Weekly Movement||6.8%|
|Metals and Mining Industry Average Movement||8.9%|
|Market Average Movement||7.0%|
|10% most volatile stocks in US Market||15.5%|
|10% least volatile stocks in US Market||2.9%|
Stable Share Price: GORO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: GORO's weekly volatility (7%) has been stable over the past year.
About the Company
Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico and the United States. The company also explores for copper, lead, and zinc deposits. Its principal asset is the 100% owned Back Forty project covering approximately 1,304 hectares located in Menominee county, Michigan.
Gold Resource Fundamentals Summary
|GORO fundamental statistics|
Is GORO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GORO income statement (TTM)|
|Cost of Revenue||US$79.50m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.12|
|Net Profit Margin||7.29%|
How did GORO perform over the long term?See historical performance and comparison
2.3%Current Dividend Yield
Is GORO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for GORO?
Other financial metrics that can be useful for relative valuation.
|What is GORO's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does GORO's PE Ratio compare to its peers?
|GORO PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
FTCO Fortitude Gold
CMCL Caledonia Mining
GORO Gold Resource
Price-To-Earnings vs Peers: GORO is expensive based on its Price-To-Earnings Ratio (14.3x) compared to the peer average (7.1x).
Price to Earnings Ratio vs Industry
How does GORO's PE Ratio compare vs other companies in the US Metals and Mining Industry?
Price-To-Earnings vs Industry: GORO is expensive based on its Price-To-Earnings Ratio (14.3x) compared to the US Metals and Mining industry average (6.8x)
Price to Earnings Ratio vs Fair Ratio
What is GORO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||14.3x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GORO's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of GORO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: GORO ($1.77) is trading above our estimate of fair value ($0.64)
Significantly Below Fair Value: GORO is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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How is Gold Resource forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if GORO's forecast earnings growth is above the savings rate (1.9%).
Earnings vs Market: Insufficient data to determine if GORO's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if GORO's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GORO's revenue is expected to decline over the next 3 years (-3.5% per year).
High Growth Revenue: GORO's revenue is forecast to decline over the next 3 years (-3.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if GORO's Return on Equity is forecast to be high in 3 years time
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How has Gold Resource performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GORO has high quality earnings.
Growing Profit Margin: GORO's current net profit margins (7.3%) are higher than last year (0.4%).
Past Earnings Growth Analysis
Earnings Trend: GORO's earnings have declined by 5.7% per year over the past 5 years.
Accelerating Growth: GORO's earnings growth over the past year (2379.5%) exceeds its 5-year average (-5.7% per year).
Earnings vs Industry: GORO earnings growth over the past year (2379.5%) exceeded the Metals and Mining industry 82.4%.
Return on Equity
High ROE: GORO's Return on Equity (8.7%) is considered low.
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How is Gold Resource's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: GORO's short term assets ($60.4M) exceed its short term liabilities ($23.4M).
Long Term Liabilities: GORO's short term assets ($60.4M) do not cover its long term liabilities ($64.2M).
Debt to Equity History and Analysis
Debt Level: GORO is debt free.
Reducing Debt: GORO currently has no debt however we can't compare to 5 years ago as we have no data for that period.
Debt Coverage: GORO has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GORO has no debt, therefore coverage of interest payments is not a concern.
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What is Gold Resource current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Gold Resource Dividend Yield vs Market|
|Company (Gold Resource)||2.3%|
|Market Bottom 25% (US)||1.6%|
|Market Top 25% (US)||4.5%|
|Industry Average (Metals and Mining)||3.3%|
|Analyst forecast in 3 Years (Gold Resource)||n/a|
Notable Dividend: GORO's dividend (2.26%) is higher than the bottom 25% of dividend payers in the US market (1.6%).
High Dividend: GORO's dividend (2.26%) is low compared to the top 25% of dividend payers in the US market (4.53%).
Stability and Growth of Payments
Stable Dividend: GORO's dividends per share have been stable in the past 10 years.
Growing Dividend: GORO's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (30.2%), GORO's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (39%), GORO's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Allen Palmiere (69 yo)
Mr. Allen Joseph Palmiere, B.Comm., C.A. serves as Chief Executive Officer, President and Director at Gold Resource Corporation since January 1, 2021. He served as an Independent Director at Guyana Goldfie...
CEO Compensation Analysis
|Allen Palmiere's Compensation vs Gold Resource Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$2m||US$450k|
Compensation vs Market: Allen's total compensation ($USD1.58M) is about average for companies of similar size in the US market ($USD1.72M).
Compensation vs Earnings: Insufficient data to compare Allen's compensation with company performance.
Experienced Management: GORO's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Experienced Board: GORO's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.6%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Gold Resource Corporation's employee growth, exchange listings and data sources
- Name: Gold Resource Corporation
- Ticker: GORO
- Exchange: NYSEAM
- Founded: 1998
- Industry: Gold
- Sector: Materials
- Implied Market Cap: US$156.420m
- Shares outstanding: 88.37m
- Website: https://www.goldresourcecorp.com
Number of Employees
- Gold Resource Corporation
- 7900 East Union Avenue
- Suite 320
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GORO||NYSEAM (NYSE MKT LLC)||Yes||Common Stock||US||USD||Sep 2006|
|GIH||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Sep 2006|
|0IYS||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Sep 2006|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/05 00:00|
|End of Day Share Price||2022/10/05 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.