Gold Resource Corp. (GORO)
:GORO
Want to see GORO full AI Analyst Report?
Top Page
Gold Resource
(GORO)
Select Model
Select Model
Rating:51Neutral
Price Target:
$1.50
▼(-5.06% Downside)
Action:ReiteratedDate:04/17/26
The score is held down primarily by weak and volatile financial performance (sharp revenue disruption and recurring losses, despite no debt and improving 2025 cash flow). Technical indicators provide a meaningful offset with a clear uptrend and positive momentum. Valuation remains pressured due to negative earnings, while the resumption of operations after the Oaxaca blockade modestly improves the near-term outlook.
Positive Factors
No reported debt / low financial leverage
Zero reported debt materially reduces financial risk and gives management flexibility to fund operations or invest from internal resources or equity. Over the next 2-6 months this lowers bankruptcy and refinancing risk, supporting continuity through commodity cycles and operational interruptions.
Negative Factors
Volatile, declining revenue and recurring losses
Large multi-year revenue deterioration and repeated net losses undermine earnings predictability and limit retained earnings for reinvestment. Persistent top-line disruption constrains sustainable profitability and raises execution risk for restarting growth and returning to consistent positive earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
No reported debt / low financial leverage
Zero reported debt materially reduces financial risk and gives management flexibility to fund operations or invest from internal resources or equity. Over the next 2-6 months this lowers bankruptcy and refinancing risk, supporting continuity through commodity cycles and operational interruptions.
Read all positive factors
Gold Resource (GORO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$273.54M
Dividend YieldN/A
Average Volume (3M)2.93M
Price to Earnings (P/E)―
Beta (1Y)2.09
Revenue Growth45.80%
EPS Growth86.51%
CountryUS
Employees480
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.14
Shares Outstanding161,858,860
10 Day Avg. Volume3,788,272
30 Day Avg. Volume2,928,659
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)2.58
Price to Sales (P/S)1.22
P/FCF Ratio176.55
Enterprise Value/Market Cap1.09
Enterprise Value/Revenue3.20
Enterprise Value/Gross Profit16.91
Enterprise Value/Ebitda11.96
Forecast
1Y Price Target
$1.75Price Target Upside10.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.04
Revenue Forecast (FY)$135.66M
Gold Resource Business Overview & Revenue Model
Company Description
Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico and the United States. The company also explores for copper, lead, and zinc deposits. Its principal asset is the 100% owned Bac...
How the Company Makes Money
Gold Resource Corporation primarily makes money by selling the metals it produces from its mining operations. Its main revenue streams are (1) sales of precious metals (gold and silver) and (2) sales of base metals (such as copper, lead, and zinc)...
Gold Resource Key Performance Indicators (KPIs)
Gold Resource Earnings Call Summary
Earnings Call Date:Nov 04, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Apr 29, 2026
Earnings Call Sentiment Positive
The earnings call highlights early signs of operational turnaround and strong financial management, with new production from the Three Sisters area and significant investments yielding positive results. However, the company faces challenges with safety incidents, delayed equipment, and increased costs. Despite these challenges, the overall sentiment leans towards optimism with a focus on future improvements.Positive Updates
Early Signs of Turnaround in Mexico Operations
The company is witnessing early signs of a turnaround in its operations in Mexico. Key improvements include management changes, fleet renewal, and introduction of cut and fill mining methods, which are decreasing costs and increasing profitability.
Negative Updates
Lost Time Injury Incidents
The operation recorded several lost time injury incidents, prompting the engagement of an external consultant to conduct a comprehensive safety assessment.
Read all updates
Q3-2025 Updates
Positive
Negative
Early Signs of Turnaround in Mexico Operations
The company is witnessing early signs of a turnaround in its operations in Mexico. Key improvements include management changes, fleet renewal, and introduction of cut and fill mining methods, which are decreasing costs and increasing profitability.
Read all positive updates
Company Guidance
During the Gold Resource Corporation's third quarter 2025 earnings call, the company highlighted several key metrics and operational updates. The company reported a strong cash position exceeding $9 million, with significant capital investments of over $2.6 million in underground development and more than $6.5 million in underground exploration, primarily focused on the Three Sisters area. Production from the Three Sisters is expected to contribute 40-50% of total output by 2026. The introduction of cut and fill mining methods in narrow vein zones has reduced dilution from over 40% to 13-17%, leading to higher-grade ore and increased profitability. Despite challenges, mining gross profit was achieved, and improvements in production efficiency and ore quality have begun to lower costs per gold equivalent ounce. The company is benefiting from elevated metal prices, further strengthening its financial performance.Gold Resource Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
52
Neutral
Cash Flow
41
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 93.26M | 64.76M | 97.76M | 139.09M | 124.19M |
| Gross Profit | 17.63M | -23.80M | -11.01M | 17.06M | 30.71M |
| EBITDA | 24.92M | -26.57M | -3.22M | 30.27M | 34.01M |
| Net Income | -6.46M | -56.50M | -24.14M | -6.32M | 8.03M |
Balance Sheet | |||||
| Total Assets | 184.06M | 145.87M | 183.97M | 210.10M | 215.76M |
| Cash, Cash Equivalents and Short-Term Investments | 25.01M | 1.63M | 6.25M | 23.68M | 33.71M |
| Total Debt | 90.93M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 140.03M | 118.59M | 103.55M | 98.33M | 95.01M |
| Stockholders Equity | 44.03M | 27.28M | 80.43M | 111.76M | 120.75M |
Cash Flow | |||||
| Free Cash Flow | 644.00K | -8.25M | -17.71M | -4.08M | 14.17M |
| Operating Cash Flow | 21.70M | -627.00K | -5.22M | 14.16M | 34.78M |
| Investing Cash Flow | -20.21M | -6.44M | -12.49M | -19.44M | -22.97M |
| Financing Cash Flow | 22.11M | 2.71M | 62.00K | -3.91M | -3.06M |
Gold Resource Technical Analysis
Positive
1.58
Price Trends
1.40
Positive
1.21
Positive
0.95
Positive
Market Momentum
0.07
Negative
63.71
Neutral
81.42
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GORO, the sentiment is Positive. The current price of 1.58 is above the 20-day moving average (MA) of 1.28, above the 50-day MA of 1.40, and above the 200-day MA of 0.95, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 63.71 is Neutral, neither overbought nor oversold. The STOCH value of 81.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GORO.
Gold Resource Risk Analysis
Gold Resource disclosed 37 risk factors in its most recent earnings report. Gold Resource reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
There is substantial doubt about whether the Company can continue as a going concern. Q3, 2024
Gold Resource Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | $700.50M | -4.11 | -268.91% | ― | ― | 33.11% | |
54 Neutral | $137.45M | -5.58 | -44.50% | ― | ― | -51.86% | |
51 Neutral | $273.54M | -17.60 | -22.72% | ― | 45.80% | 86.51% | |
51 Neutral | $111.69M | ― | 45.61% | ― | ― | ― |
* Basic Materials Sector Average
GORO
Gold Resource
1.69
1.31
344.74%
USAU
US Gold
16.20
5.88
56.98%
PZG
Paramount Gold Nevada
1.64
1.20
272.73%
CTGO
Contango ORE
22.84
8.63
60.73%
NAMM
Namib Minerals
2.05
-8.95
-81.36%
BGL
Blue Gold
1.10
-10.37
-90.41%
Gold Resource Corporate Events
Business Operations and Strategy
Gold Resource Resumes Operations After Oaxaca Mine Blockade
Positive
Feb 3, 2026
On February 2, 2026, Gold Resource Corporation said an illegal blockade that had been restricting access to its Don David Gold Mine in Oaxaca, Mexico, had been lifted, allowing mining and processing operations to safely resume. The blockade, which...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.