In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Gold Resource (GORO – Research Report), with a price target of $7.00. The company’s shares closed last Wednesday at $4.59.
According to TipRanks.com, Ihle is a top 25 analyst with an average return of 37.0% and a 67.5% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.
Currently, the analyst consensus on Gold Resource is a Moderate Buy with an average price target of $7.13.
Based on Gold Resource’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $28.01 million and GAAP net loss of $3.12 million. In comparison, last year the company earned revenue of $26.58 million and had a net profit of $882K.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GORO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Gold Resource Corp. is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada. It engages in the exploration, development, and production of metal concentrates and dore. Its products include gold, silver, copper, lead, and zinc. It operates through the following geographical segments: Mexico; Nevada; and Corporate Other. The company was founded by David C. Reid and William W. Reid on August 24, 1998 and is headquartered in Colorado Springs, CO.