Gold Resource Stock Price on September 12, 2023
| GORO Stock | USD 0.17 0.02 13.33% |
Below is the normalized historical share price chart for Gold Resource extending back to September 14, 2006. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Gold Resource stands at 0.17, as last reported on the 30th of November, with the highest price reaching 0.19 and the lowest price hitting 0.17 during the day.
If you're considering investing in Gold Stock, it is important to understand the factors that can impact its price. Gold Resource holds Efficiency (Sharpe) Ratio of -0.0405, which attests that the entity had a -0.0405% return per unit of risk over the last 3 months. Gold Resource exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gold Resource's Standard Deviation of 10.18, risk adjusted performance of (0.03), and Market Risk Adjusted Performance of (0.27) to validate the risk estimate we provide.
As of the 30th of November 2024, Total Stockholder Equity is likely to drop to about 80.4 M. In addition to that, Common Stock Total Equity is likely to drop to about 58 K. As of the 30th of November 2024, Price To Sales Ratio is likely to drop to 0.32. In addition to that, Price Earnings Ratio is likely to grow to -1.97. Gold Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 14th of September 2006 | 200 Day MA 0.3812 | 50 Day MA 0.2626 | Beta 1.519 |
Gold |
Sharpe Ratio = -0.0405
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Estimated Market Risk
| 10.38 actual daily | 92 92% of assets are less volatile |
Expected Return
| -0.42 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Gold Resource is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Gold Resource by adding Gold Resource to a well-diversified portfolio.
Price Book 0.2899 | Enterprise Value Ebitda 6.6046 | Price Sales 0.2234 | Shares Float 94.8 M | Wall Street Target Price 1.5 |
Gold Resource Valuation on September 12, 2023
It is possible to determine the worth of Gold Resource on a given historical date. On September 12, 2023 Gold was worth 0.46 at the beginning of the trading date compared to the closed value of 0.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Gold Resource stock. Still, in general, we apply an absolute valuation method to find Gold Resource's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Gold Resource where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Gold Resource's related companies.
| Open | High | Low | Close | Volume | |
| 0.47 | 0.47 | 0.45 | 0.45 | 202,878 | |
09/12/2023 | 0.46 | 0.48 | 0.45 | 0.46 | 201,784 |
| 0.46 | 0.48 | 0.46 | 0.47 | 238,227 |
| Backtest Gold Resource | | | Gold Resource History | | | Gold Resource Valuation | Previous | Next |
Gold Resource Trading Date Momentum on September 12, 2023
| On September 13 2023 Gold Resource was traded for 0.47 at the closing time. The top price for the day was 0.48 and the lowest listed price was 0.46 . The trading volume for the day was 238.2 K. The trading history from September 13, 2023 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 2.17% . The overall trading delta against the current closing price is 0.00% . |
Gold Resource Fundamentals Correlations and Trends
By evaluating Gold Resource's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Gold Resource's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Gold financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Gold Resource Stock history
Gold Resource investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Gold is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Gold Resource will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Gold Resource stock prices may prove useful in developing a viable investing in Gold Resource
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 88.5 M | 57.1 M | |
| Net Loss | -5.7 M | -5.4 M |
Gold Resource Quarterly Net Working Capital |
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Gold Resource Stock Technical Analysis
Gold Resource technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Gold Resource Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Gold Resource cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE MKT Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Gold Resource November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Gold Resource stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gold Resource shares will generate the highest return on investment. By undertsting and applying Gold Resource stock market strength indicators, traders can identify Gold Resource entry and exit signals to maximize returns
Gold Resource Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Gold Resource's price direction in advance. Along with the technical and fundamental analysis of Gold Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Gold to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.83) | |||
| Total Risk Alpha | (2.27) | |||
| Treynor Ratio | (0.28) |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gold Resource. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Gold Stock, please use our How to Invest in Gold Resource guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gold Resource. If investors know Gold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gold Resource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.742 | Earnings Share (0.49) | Revenue Per Share 0.817 | Quarterly Revenue Growth (0.35) | Return On Assets (0.09) |
The market value of Gold Resource is measured differently than its book value, which is the value of Gold that is recorded on the company's balance sheet. Investors also form their own opinion of Gold Resource's value that differs from its market value or its book value, called intrinsic value, which is Gold Resource's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gold Resource's market value can be influenced by many factors that don't directly affect Gold Resource's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gold Resource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold Resource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold Resource's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.