HC Wainwright Issues Pessimistic Forecast for Gold Resource (NYSE:GORO) Stock Price

Gold Resource (NYSE:GORO) had its price target dropped by research analysts at HC Wainwright from $2.00 to $1.75 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s target price indicates a potential upside of 77.63% from the company’s previous close. HC Wainwright also issued estimates for Gold Resource’s FY2026 earnings at $0.05 EPS.

Gold Resource Stock Down 12.0%

Shares of NYSE:GORO opened at $0.99 on Thursday. Gold Resource has a 12-month low of $0.34 and a 12-month high of $1.87. The business has a 50 day moving average of $1.44 and a 200-day moving average of $1.02. The stock has a market cap of $159.37 million, a PE ratio of -2.01 and a beta of 0.81.

Hedge Funds Weigh In On Gold Resource

Several institutional investors and hedge funds have recently modified their holdings of GORO. Fiscal Wisdom Wealth Management LLC bought a new position in Gold Resource during the third quarter worth about $39,783,000. Vanguard Group Inc. boosted its holdings in Gold Resource by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,148,795 shares of the company’s stock valued at $5,140,000 after purchasing an additional 91,241 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Gold Resource by 48.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,071,771 shares of the company’s stock valued at $3,404,000 after purchasing an additional 1,323,290 shares during the period. Geode Capital Management LLC grew its position in shares of Gold Resource by 39.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,381,916 shares of the company’s stock worth $843,000 after purchasing an additional 394,028 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Gold Resource by 1,268.0% during the third quarter. Two Sigma Investments LP now owns 985,739 shares of the company’s stock worth $824,000 after purchasing an additional 913,684 shares during the period. 18.38% of the stock is currently owned by institutional investors and hedge funds.

About Gold Resource

Gold Resource Corporation (NYSE: GORO) is a Denver, Colorado–based precious metals producer focused on gold and silver mining and processing. The company’s principal operations are located in Oaxaca State, Mexico, where it holds 100% interest in the Arista underground mine and the El Águila tailings reprocessing facility. Gold Resource’s Mexican operations are complemented by corporate and administrative offices in Denver and field offices in Mexico City.

At the Arista mine, Gold Resource conducts underground mining of high-grade gold and silver veins, producing doré bars and metal concentrates that are shipped to third-party smelters.