Gold Resource Corporation

NYSEAM:GORO Stock Report

Market Cap: US$15.0m

Gold Resource Valuation

Is GORO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

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: Insufficient data to calculate GORO's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate GORO's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GORO?

Key metric: As GORO is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for GORO. This is calculated by dividing GORO's market cap by their current revenue.
What is GORO's PS Ratio?
PS Ratio0.2x
SalesUS$73.90m
Market CapUS$14.96m

Price to Sales Ratio vs Peers

How does GORO's PS Ratio compare to its peers?

The above table shows the PS ratio for GORO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.1x
AGDX.F Antioquia Gold
0.3xn/aUS$21.7m
DYNR DynaResource
0.8xn/aUS$29.8m
VITF.F Victoria Gold
0.08x-123.7%US$23.4m
FTCO Fortitude Gold
3.4xn/aUS$131.7m
GORO Gold Resource
0.2x17.6%US$15.0m

Price-To-Sales vs Peers: GORO is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

How does GORO's PS Ratio compare vs other companies in the US Metals and Mining Industry?

25 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.1.3x5.4%
GORO Gold Resource
 0.2x17.6%US$14.96m
TX Ternium
0.4x2.7%US$6.56b
CLF Cleveland-Cliffs
0.3x4.1%US$6.15b
GORO 0.2xIndustry Avg. 1.3xNo. of Companies25PS0246810+
25 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.3x21.1%
GORO Gold Resource
 0.2xn/aUS$14.96m
No more companies

Price-To-Sales vs Industry: GORO is good value based on its Price-To-Sales Ratio (0.2x) compared to the US Metals and Mining industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

What is GORO's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GORO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: GORO is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GORO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$0.16
US$1.50
+852.4%
16.7%US$1.75US$1.25n/a2
Nov ’25US$0.14
US$1.50
+971.4%
16.7%US$1.75US$1.25n/a2
Oct ’25US$0.34
US$1.50
+346.0%
16.7%US$1.75US$1.25n/a2
Sep ’25US$0.38
US$1.50
+297.6%
16.7%US$1.75US$1.25n/a2
Aug ’25US$0.42
US$1.38
+225.4%
9.1%US$1.50US$1.25n/a2
Jul ’25US$0.37
US$1.38
+267.1%
9.1%US$1.50US$1.25n/a2
Jun ’25US$0.47
US$1.38
+195.3%
9.1%US$1.50US$1.25n/a2
May ’25US$0.46
US$1.38
+196.3%
9.1%US$1.50US$1.25n/a2
Apr ’25US$0.49
US$1.38
+180.6%
9.1%US$1.50US$1.25n/a2
Mar ’25US$0.26
US$1.50
+477.1%
16.7%US$1.75US$1.25n/a2
Feb ’25US$0.26
US$1.50
+481.4%
16.7%US$1.75US$1.25n/a2
Jan ’25US$0.38
US$1.50
+298.9%
16.7%US$1.75US$1.25n/a2
Dec ’24US$0.35
US$1.50
+329.8%
16.7%US$1.75US$1.25n/a2
Nov ’24US$0.42
US$2.63
+525.0%
23.8%US$3.25US$2.00US$0.142
Oct ’24US$0.43
US$3.13
+630.1%
4.0%US$3.25US$3.00US$0.342
Sep ’24US$0.47
US$3.13
+563.3%
4.0%US$3.25US$3.00US$0.382
Aug ’24US$0.62
US$3.13
+404.0%
4.0%US$3.25US$3.00US$0.422
Feb ’24US$1.76
US$4.63
+162.8%
8.1%US$5.00US$4.25US$0.262
Jan ’24US$1.53
US$4.63
+202.3%
8.1%US$5.00US$4.25US$0.382
Dec ’23US$1.69
US$4.63
+173.7%
8.1%US$5.00US$4.25US$0.352
Nov ’23US$1.57
US$4.63
+194.6%
8.1%US$5.00US$4.25US$0.422

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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