AMEX:GORO

Stock Analysis Report

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Executive Summary

Gold Resource Corporation explores for, develops, produces, and sells gold and silver in Mexico and the United States. More Details


Snowflake Analysis

Excellent balance sheet with limited growth.

Share Price & News

How has Gold Resource's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GORO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: GORO's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

3.8%

GORO

1.1%

US Metals and Mining

1.8%

US Market


1 Year Return

-28.5%

GORO

29.9%

US Metals and Mining

20.4%

US Market

Return vs Industry: GORO underperformed the US Metals and Mining industry which returned 27.2% over the past year.

Return vs Market: GORO underperformed the US Market which returned 19% over the past year.


Shareholder returns

GOROIndustryMarket
7 Day3.8%1.1%1.8%
30 Day4.8%8.3%6.0%
90 Day-23.4%10.9%6.8%
1 Year-27.7%-28.5%32.8%29.9%23.2%20.4%
3 Year-22.4%-24.0%27.0%18.5%47.4%37.6%
5 Year39.7%34.5%137.9%115.3%91.9%70.8%

Long-Term Price Volatility Vs. Market

How volatile is Gold Resource's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Gold Resource undervalued compared to its fair value and its price relative to the market?

855.61x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GORO ($3) is trading above our estimate of fair value ($0.56)

Significantly Below Fair Value: GORO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GORO is poor value based on its PE Ratio (844.4x) compared to the US Metals and Mining industry average (19.3x).

PE vs Market: GORO is poor value based on its PE Ratio (844.4x) compared to the US market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GORO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GORO is good value based on its PB Ratio (1.2x) compared to the US Metals and Mining industry average (1.6x).


Next Steps

Future Growth

How is Gold Resource forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

37.0%

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 (2.2%).

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 earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GORO's revenue (37% per year) is forecast to grow faster than the US market (10.2% per year).

High Growth Revenue: GORO's revenue (37% per year) is forecast to grow faster than 20% 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


Next Steps

Past Performance

How has Gold Resource performed over the past 5 years?

-8.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GORO has high quality earnings.

Growing Profit Margin: GORO's current net profit margins (0.2%) are lower than last year (5.2%).


Past Earnings Growth Analysis

Earnings Trend: GORO's earnings have declined by 8.8% per year over the past 5 years.

Accelerating Growth: GORO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GORO had negative earnings growth (-96.3%) over the past year, making it difficult to compare to the Metals and Mining industry average (-12.4%).


Return on Equity

High ROE: GORO's Return on Equity (0.1%) is considered low.


Next Steps

Financial Health

How is Gold Resource's financial position?


Financial Position Analysis

Short Term Liabilities: GORO's short term assets ($70.5M) exceed its short term liabilities ($20.5M).

Long Term Liabilities: GORO's short term assets ($70.5M) exceed its long term liabilities ($7.0M).


Debt to Equity History and Analysis

Debt Level: GORO's debt to equity ratio (0.6%) is considered satisfactory.

Reducing Debt: GORO had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: GORO's debt is well covered by operating cash flow (3118.6%).

Interest Coverage: Insufficient data to determine if GORO's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Gold Resource current dividend yield, its reliability and sustainability?

1.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GORO's dividend (1.33%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.5%).

High Dividend: GORO's dividend (1.33%) is low compared to the top 25% of dividend payers in the US market (4.15%).


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.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (1125.8%), GORO's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.1yrs

Average management tenure


CEO

Jason Reid (47 yo)

7.08yrs

Tenure

US$1,253,775

Compensation

Mr. Jason D. Reid has been the Chief Executive Officer of Gold Resource Corp since October 1, 2013 and has also been its President since July 1, 2010. Mr. Reid served as the Vice President of Corporate Dev...


CEO Compensation Analysis

Compensation vs Market: Jason's total compensation ($USD1.25M) is about average for companies of similar size in the US market ($USD1.12M).

Compensation vs Earnings: Jason's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jason Reid
President7.08yrsUS$1.25m1.73%
$ 3.8m
Kimberly Perry
Chief Financial Officer0.25yrUS$332.00k0.035%
$ 77.4k
Richard Irvine
Chief Operating Officer8.67yrsUS$626.10k0.098%
$ 215.1k
Gregory Patterson
Vice President of Corporate Development7.08yrsUS$377.90k0.86%
$ 1.9m
Barry Devlin
Vice President of Exploration7.83yrsUS$648.68k0.066%
$ 144.0k
Jessica Browne
VP of Legal Affairs9.42yrsUS$434.09k0.031%
$ 67.2k
Fred Brown
Senior Resource Geologistno datano datano data
Joy Lester
Chief Geologist6.83yrsno datano data

7.1yrs

Average Tenure

48.5yo

Average Age

Experienced Management: GORO's management team is seasoned and experienced (7.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jason Reid
President7.08yrsUS$1.25m1.73%
$ 3.8m
Bill Conrad
Independent Chairman of the Board6.83yrsUS$635.49k0.32%
$ 702.5k
Alexander Morrison
Independent Director4.67yrsUS$383.29k0.032%
$ 70.7k

6.8yrs

Average Tenure

57yo

Average Age

Experienced Board: GORO's board of directors are considered experienced (6.8 years average tenure).


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.4%.


Top Shareholders

Company Information

Gold Resource Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gold Resource Corporation
  • Ticker: GORO
  • Exchange: AMEX
  • Founded: 1998
  • Industry: Gold
  • Sector: Materials
  • Market Cap: US$218.472m
  • Shares outstanding: 71.87m
  • Website: https://goldresourcecorp.com

Number of Employees


Location

  • Gold Resource Corporation
  • 2886 Carriage Manor Point
  • Colorado Springs
  • Colorado
  • 80906
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GOROAMEX (NYSE MKT LLC)YesCommon StockUSUSDSep 2006
GIHDB (Deutsche Boerse AG)YesCommon StockDEEURSep 2006
0IYSLSE (London Stock Exchange)YesCommon StockGBUSDSep 2006

Biography

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 deposits. The company’s flagship property ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 00:18
End of Day Share Price2020/11/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.