
Gold Resource (GORO) Stock Forecast & Price Target
Gold Resource (GORO) Analyst Ratings
Bulls say
Gold Resource Corp (GORO) has made noteworthy advancements in enhancing its future production capabilities, particularly through upgrades to its mining fleet and the strategic development of the Three Sisters vein system. These improvements are anticipated to bolster GORO's production profile over the long term, potentially facilitating a return to positive cash flow. The company's efforts to secure capital for the Three Sisters vein project further underline its commitment to unlocking significant growth opportunities in its operational landscape.
Bears say
Gold Resource Corp reported an $11.2 million revenue for the quarter, accompanied by a significant net loss of $11.5 million, translating to a loss of $0.09 per share, indicating financial strain. The company is currently constrained in its mining operations, as it has only been able to mine a single accessible face at a time, which has led to an overall decline in production during the quarter. Additionally, this situation has necessitated small adjustments to production forecasts, further contributing to the negative outlook on the company's financial performance.
This aggregate rating is based on analysts' research of Gold Resource and is not a guaranteed prediction by Public.com or investment advice.
Gold Resource (GORO) Analyst Forecast & Price Prediction
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