H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Gold Resource (GORO – Research Report) today and set a price target of $5.75. The company’s shares closed last Wednesday at $1.61, close to its 52-week low of $1.50.
According to TipRanks.com, Ihle is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -14.9% and a 21.0% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Tanzanian Royalty Exploration, and Northern Dynasty Minerals.
Gold Resource has an analyst consensus of Moderate Buy, with a price target consensus of $5.75.
The company has a one-year high of $2.63 and a one-year low of $1.50. Currently, Gold Resource has an average volume of 950.4K.
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Gold Resource Corp. is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada. It engages in the exploration, development, and production of metal concentrates and dore. Its products include gold, silver, copper, lead, and zinc. It operates through the following geographical segments: Mexico; Nevada; and Corporate Other. The company was founded by David C. Reid and William W. Reid on August 24, 1998 and is headquartered in Colorado Springs, CO.
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