H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Gold Resource (GORO – Research Report) today and set a price target of $7.75. The company’s shares closed last Monday at $5.20, equals to its 52-week high of $5.20.
According to TipRanks.com, Ihle is a 1-star analyst with an average return of -2.0% and a 42.9% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.
Gold Resource has an analyst consensus of Moderate Buy, with a price target consensus of $7.75.
Gold Resource’s market cap is currently $341.6M and has a P/E ratio of 50.58. The company has a Price to Book ratio of 2.16.
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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.