Analysts who follow Gold Resource Corporation (GORO) on average expect it to increase 90.74% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.
That average rating earns GORO an Analyst Ranking of 80, which means it ranks higher than 80 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With Gold Resource Corporation Stock Today?
Gold Resource Corporation (GORO) stock has fallen -0.54% while the S&P 500 has gained 0.37% as of 12:29 PM on Monday, Jun 22. GORO has fallen -$0.02 from the previous closing price of $3.69 on volume of 996,100 shares. Over the past year the S&P 500 is up 5.57% while GORO has gained 5.46%. GORO earned $0.03 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 125.99.
