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GORO
Stock ticker:
ASE
AS OF
Jul 1 closing price
Price
$1.69
Change
+$0.07 (+4.32%)
Capitalization
143.99M

GORO Price Prediction, Gold Resource Corp AI Recommendations

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12:00 AM EDT Jul 01, 2022

GORO sees its 50-day moving average cross bearishly below its 200-day moving average

The 50-day moving average for GORO moved below the 200-day moving average on July 01, 2022. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on June 27, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on GORO as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for GORO turned negative on June 22, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

GORO moved below its 50-day moving average on June 13, 2022 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GORO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

GORO broke above its upper Bollinger Band on June 10, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GORO advanced for three days, in of 240 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 236 cases where GORO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.207) is normal, around the industry mean (21.622). P/E Ratio (13.004) is within average values for comparable stocks, (78.925). Dividend Yield (0.024) settles around the average of (0.044) among similar stocks. P/S Ratio (0.932) is also within normal values, averaging (113.729).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. GORO’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GORO’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.

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published Dividends

GORO paid dividends on June 30, 2022

Gold Resource Corp GORO Stock Dividends
А dividend of $0.01 per share was paid with a record date of June 30, 2022, and an ex-dividend date of June 14, 2022. Read more...
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published Highlights

Notable companies

The most notable companies in this group are Newmont Corp (NYSE:NEM), Barrick Gold Corp (NYSE:GOLD), Wheaton Precious Metals Corp (NYSE:WPM), Gold Fields Ltd (NYSE:GFI), Kinross Gold Corp (NYSE:KGC), Yamana Gold (NYSE:AUY), Pan American Silver Corp (NASDAQ:PAAS), SSR Mining (NASDAQ:SSRM), Hecla Mining Company (NYSE:HL), FIRST MAJESTIC SILVER Corp (NYSE:AG).

Industry description

The Precious Metals industry is engaged in exploring/mining metals that are considered to be rare and/or have a high economic value. Popular precious metals include gold, platinum and silver - all three of which are largely used in jewelry, art and coinage alongwith having some industrial uses as well. Precious metals used in industrial processes include iridium, (used in specialty alloys), and palladium ( used in electronics and chemical applications). Historically, precious metals have traded at much higher prices than common industrial metals. Newmont Goldcorp Corp, Barrick Gold Corp and Freeport-McMoRan are few of the major precious metals producing companies in the U.S.

Market Cap

The average market capitalization across the Precious Metals Industry is 716.36M. The market cap for tickers in the group ranges from 575 to 48.55B. NEM holds the highest valuation in this group at 48.55B. The lowest valued company is DRIFF at 575.

High and low price notable news

The average weekly price growth across all stocks in the Precious Metals Industry was -3%. For the same Industry, the average monthly price growth was -12%, and the average quarterly price growth was -10%. MAGE experienced the highest price growth at 150%, while HWTHF experienced the biggest fall at -94%.

Volume

The average weekly volume growth across all stocks in the Precious Metals Industry was -20%. For the same stocks of the Industry, the average monthly volume growth was -14% and the average quarterly volume growth was 29%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 72
Price Growth Rating: 52
SMR Rating: 85
Profit Risk Rating: 87
Seasonality Score: 7 (-100 ... +100)
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published General Information

General Information

an explorer of gold and silver

Industry PreciousMetals

Profile
Fundamentals
Details
Industry
Precious Metals
Address
7900 East Union Avenue
Phone
+1 303 320-7708
Employees
529
Web
https://www.goldresourcecorp.com

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GORO and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, GORO has been closely correlated with PAAS. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if GORO jumps, then PAAS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GORO
1D Price
Change %
GORO100%
+3.68%
PAAS - GORO
72%
Closely correlated
+1.78%
EXK - GORO
68%
Closely correlated
+4.46%
AEM - GORO
68%
Closely correlated
+3.61%
DRD - GORO
68%
Closely correlated
+1.36%
AG - GORO
67%
Closely correlated
+3.48%
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