Gold Resource Corp (GORO)

• Market cap: $37.7M
• Sector: Materials
• Industry: Gold & Silver Mining

About: Gold Resource Corp is a gold and silver producer, developer, and explorer with operations in Oaxaca, Mexico, and Nevada, USA. It targets low capital expenditure projects with the potential for generating high returns on capital. The company's two pipeline projects are; Don David Gold at Oaxaca, Mexico, and Back Forty at Michigan, United States of America.

Employees: 488

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

18% more capital invested

Capital invested by funds: $8.22M [Q1] → $9.72M (+$1.51M) [Q2]

1.14% less ownership

Funds ownership: 17.35% [Q1] → 16.21% (-1.14%) [Q2]

3% less funds holding

Funds holding: 60 [Q1] → 58 (-2) [Q2]

22% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 9

40% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 15

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $1.75 334% upside
• Avg. target: $1.75 334% upside
• High target: $1.75 334% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

HC Wainwright & Co. Heiko Ihle 74% 1-year accuracy 121 / 163 met price target

334% upside $1.75

Buy Maintained

8 Aug 2024