Gold Resource Future Growth

Future criteria checks 1/6

Gold Resource is forecast to grow revenue at 17.6% per annum.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Metals and Mining earnings growth	19.2%
Revenue growth rate	17.6%
Future return on equity	n/a
Analyst coverage	Low
Last updated	08 Aug 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

NYSEAM:GORO - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	156	N/A	N/A	25	1
12/31/2025	121	N/A	N/A	25	2
12/31/2024	84	N/A	N/A	4	2
9/30/2024	74	-45	-9	0	N/A
6/30/2024	81	-42	-15	-4	N/A
3/31/2024	85	-19	-16	-5	N/A
12/31/2023	98	-16	-18	-5	N/A
9/30/2023	109	-16	-15	-1	N/A
6/30/2023	112	-19	-11	2	N/A
3/31/2023	125	-11	-4	11	N/A
12/31/2022	139	-6	-4	14	N/A
9/30/2022	144	0	1	21	N/A
6/30/2022	150	11	9	31	N/A
3/31/2022	143	10	10	32	N/A
12/31/2021	125	8	14	35	N/A
9/30/2021	117	2	19	40	N/A
6/30/2021	114	0	30	48	N/A
3/31/2021	96	-1	24	37	N/A
12/31/2020	91	-6	23	35	N/A
9/30/2020	85	-3	37	31	N/A
6/30/2020	99	0	24	24	N/A
3/31/2020	116	1	15	27	N/A
12/31/2019	120	6	4	21	N/A
9/30/2019	124	7	-34	9	N/A
6/30/2019	108	3	-43	4	N/A
3/31/2019	110	5	-34	8	N/A
12/31/2018	115	12	-2	22	N/A
9/30/2018	120	3	2	33	N/A
6/30/2018	127	8	N/A	41	N/A
3/31/2018	118	5	N/A	41	N/A
12/31/2017	110	4	N/A	36	N/A
9/30/2017	95	6	N/A	24	N/A
6/30/2017	85	3	N/A	20	N/A
3/31/2017	90	8	N/A	23	N/A
12/31/2016	83	4	N/A	18	N/A
9/30/2016	87	6	N/A	23	N/A
6/30/2016	85	4	N/A	22	N/A
3/31/2016	82	-1	N/A	23	N/A
12/31/2015	93	3	N/A	20	N/A
9/30/2015	101	8	N/A	26	N/A
6/30/2015	102	6	N/A	19	N/A
3/31/2015	113	13	N/A	26	N/A
12/31/2014	115	15	N/A	38	N/A
9/30/2014	113	9	N/A	30	N/A
6/30/2014	122	9	N/A	24	N/A
3/31/2014	115	0	N/A	13	N/A
12/31/2013	126	5	N/A	7	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if GORO's forecast earnings growth is above the savings rate (2.6%).

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 (17.6% per year) is forecast to grow faster than the US market (9.1% per year).

High Growth Revenue: GORO's revenue (17.6% per year) is forecast to grow slower 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

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/24 17:13
End of Day Share Price	2024/12/24 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Gold Resource Corporation is covered by 7 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jacob Sekelsky	Alliance Global Partners
Heiko Ihle	H.C. Wainwright & Co.
Michael Dudas	Jefferies LLC

Gold Resource Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target increased by 9.1% to US$1.50

Gold Resource Corporation Provides Production Guidance for the Full Year 2024

Price target decreased by 13% to US$2.63

Gold Resource Corporation Reaffirms Production Guidance for the Year 2023

Price target decreased by 24% to US$3.63

Gold Resource Corporation Provides Production Guidance for the Year 2023

Recent updates

New major risk - Financial position

Third quarter 2024 earnings released: US$0.11 loss per share (vs US$0.083 loss in 3Q 2023)

Price target increased by 9.1% to US$1.50

Second quarter 2024 earnings released: US$0.30 loss per share (vs US$0.052 loss in 2Q 2023)

New minor risk - Shareholder dilution

First quarter 2024 earnings released: US$0.045 loss per share (vs US$0.012 loss in 1Q 2023)

Gold Resource Corporation, Annual General Meeting, Jun 18, 2024

New major risk - Share price stability

Full year 2023 earnings released: US$0.18 loss per share (vs US$0.072 loss in FY 2022)

Gold Resource Corporation Provides Production Guidance for the Full Year 2024

Insufficient new directors

Gold Resource Corporation Reports High Grade Drill Results At the Don David Gold Mine

New minor risk - Share price stability

Third quarter 2023 earnings released: US$0.083 loss per share (vs US$0.11 loss in 3Q 2022)

Gold Resource Corporation Reports the Filing of a SK1300 Initial Assessment for the Back Forty Project

Price target decreased by 13% to US$2.63

Gold Resource Corporation Reports Continued Positive Drill Results at Don David Gold Mine

Gold Resource Corporation Announces Change in Chief Financial Officer

Second quarter 2023 earnings released: US$0.052 loss per share (vs US$0.03 profit in 2Q 2022)

Gold Resource Corporation Reaffirms Production Guidance for the Year 2023

New minor risk - Share price stability

Gold Resource Corporation Announces the Resignation of Joe Driscoll from the Board of Directors

Gold Resource Corporation Provides an Update on Positive Year-To-Date 2023 Drill Results At the Don David Gold Mine

Gold Resource Corporation Announces Resignation of Alex Morrison as Chairman of the Board of Directors

Full year 2022 earnings released: US$0.072 loss per share (vs US$0.11 profit in FY 2021)

Price target decreased by 24% to US$3.63

Gold Resource Corporation Provides Production Guidance for the Year 2023

Upcoming dividend of US$0.01 per share

High number of new and inexperienced directors

Third quarter 2022 earnings released: US$0.11 loss per share (vs US$0.021 profit in 3Q 2021)

Gold Resource Corporation Declares Quarterly Dividend for the Fourth Quarter of 2022, Payable on December 30, 2022

Price target decreased to US$4.63

Investor sentiment improved over the past week

Upcoming dividend of US$0.01 per share

Gold Resource Corporation Reiterates Production Guidance for the Full Year 2022

Gold Resource Corporation Declares Quarterly Dividend for the Third Quarter of 2022, Payable on September 30, 2022

Second quarter 2022 earnings released: EPS: US$0.03 (vs US$0.017 in 2Q 2021)

Price target decreased to US$5.00

Upcoming dividend of US$0.01 per share

First quarter 2022 earnings released: EPS: US$0.045 (vs US$0.034 in 1Q 2021)

Now 22% undervalued

High number of new and inexperienced directors

Investor sentiment deteriorated over the past week

Gold Resource Corporation Announce Addition to Management Team

Investor sentiment improved over the past week

Gold Resource Corporation, Annual General Meeting, May 19, 2022

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Upcoming dividend of US$0.01 per share

Investor sentiment improved over the past week

Gold Resource Corporation Declares Quarterly Dividend for First Quarter of 2022, Payable on March 31, 2022

Investor sentiment improved over the past week

Gold Resource Corporation (NYSEAM:GORO) completed the acquisition of Aquila Resources Inc. (TSX:AQA) from Orion Mine Finance, Osisko Bermuda Limited, Hudbay Minerals Inc. (TSX:HBM) and others.

Upcoming dividend of US$0.01 per share

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS US$0.021 (vs US$0.071 in 3Q 2020)

Gold Resource Corporation (NYSEAM:GORO) entered into a binding letter agreement to acquire Aquila Resources Inc. (TSX:AQA) from Orion Mine Finance, Osisko Bermuda Limited and others for CAD 31.2 million.

Upcoming dividend of US$0.01 per share

Second quarter 2021 earnings released: EPS US$0.017 (vs US$0.004 in 2Q 2020)

Gold Resource Corporation(NYSEAM:GORO) dropped from Russell 3000E Value Index

Upcoming dividend of US$0.01 per share

First quarter 2021 earnings released: EPS US$0.034 (vs US$0.047 loss in 1Q 2020)

Price target increased to US$5.50

Gold Resource Corporation Declares Quarterly Dividend, Payable on June 30, 2021

Director recently bought US$54k worth of stock

Vice President of Exploration Barry Devlin has left the company

Vice President of Corporate Development Gregory Patterson has left the company

Price target raised to US$5.25

Gold Resource Corporation Appoints Ron Little to its Board of Directors

Gold Resource Corporation Announces Resignation of Barry Devlin, Vice President Exploration