Gold Resource (GORO) AI Stock Analysis

• Market Cap: $85.14M
• Dividend Yield: N/A
• Average Volume (3M): 2.93M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.58
• Revenue Growth: -15.35%
• EPS Growth: 30.92%
• Country: US
• Employees: 480
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.03
• Shares Outstanding: 136,449,740
• 10 Day Avg. Volume: 3,788,272
• 30 Day Avg. Volume: 2,928,659
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 0.32
• P/FCF Ratio: -2.57
• Enterprise Value/Market Cap: 1.83
• Enterprise Value/Revenue: 2.55
• Enterprise Value/Gross Profit: -19.15
• Enterprise Value/Ebitda: -6.12
• 1Y Price Target: $1.25
• Price Target Upside: 66.67% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: $0.50 ▼(-33.33% Downside)

Gold Resource's overall stock score reflects significant financial distress and poor valuation metrics. While there are early signs of operational improvements and positive sentiment from the earnings call, the company's financial challenges and bearish technical indicators weigh heavily on the score.

Positive Factors

Operational Turnaround

The introduction of new mining methods and management changes in Mexico are reducing costs and increasing profitability, indicating a sustainable operational improvement.

Strong Cash Position

A robust cash position reflects successful capital management, providing financial flexibility to support strategic initiatives and withstand operational challenges.

Production from Three Sisters

The Three Sisters area is expected to significantly contribute to production, enhancing revenue potential and supporting long-term growth.

Negative Factors

Revenue Decline

A complete revenue drop signals severe operational challenges, threatening the company's ability to sustain its business model and financial health.

Negative Cash Flow

Negative cash flow highlights liquidity issues and inefficiencies in generating cash, which could hinder the company's ability to invest in growth and manage debts.

Safety Incidents

Frequent safety incidents can disrupt operations and lead to increased costs, affecting long-term operational efficiency and reputation.

Gold Resource Business Overview & Revenue Model

Company Description

Gold Resource Corporation (GORO) is a mining company engaged in the exploration, extraction, and processing of precious metals, primarily gold and silver. The company operates in various sectors of the mining industry, focusing on the Americas, particularly in Mexico, where it has established mining operations. GORO's core products include gold and silver bullion, which it produces from its mining operations and sells to various markets.

How the Company Makes Money

Gold Resource Corporation generates revenue primarily through the sale of gold and silver produced from its mining operations. The company's revenue model is based on the extraction of precious metals, which are then refined and sold in both physical forms and through financial instruments. Key revenue streams include the direct sales of gold and silver concentrate to wholesalers and retailers, as well as the potential for royalties from various mining activities. Additionally, GORO may engage in partnerships with other mining companies or financial institutions to enhance its operational capabilities and market reach, further contributing to its earnings.

Gold Resource Financial Statement Overview

Summary

Gold Resource is experiencing severe financial distress, with zero revenue in 2024, negative profit margins, and a weakening balance sheet. The company faces liquidity issues and operational inefficiencies, necessitating immediate strategic changes.

Income Statement

Gold Resource has faced significant challenges in recent years, with total revenue dropping to zero in 2024, indicating a severe downturn in operations. The net profit margin and gross profit margin have also suffered, being negative or zero in recent periods. EBIT and EBITDA margins show consistent losses, reflecting operational inefficiencies and financial distress.

Balance Sheet

The company’s balance sheet reveals a concerning financial position. Although total debt was reduced to zero in 2024, the substantial decline in stockholders' equity and total assets suggests declining financial stability. The equity ratio has weakened significantly over time, indicating increased financial risk.

Cash Flow

Cash flow analysis shows negative free cash flow with no significant improvement in operating cash flow, emphasizing liquidity issues. The operating cash flow to net income ratio indicates inefficiencies in generating cash from operations, which poses sustainability concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	61.16M	64.76M	97.76M	139.09M	124.19M	90.69M
Gross Profit	-8.13M	-23.80M	-11.01M	17.06M	30.71M	30.05M
EBITDA	-25.46M	-26.57M	-3.22M	30.27M	34.01M	18.25M
Net Income	-38.71M	-56.50M	-24.14M	-6.32M	8.03M	-6.33M
Balance Sheet
Total Assets	164.34M	145.87M	183.97M	210.10M	215.76M	105.73M
Cash, Cash Equivalents and Short-Term Investments	9.80M	1.63M	6.25M	23.68M	33.71M	25.41M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	138.38M	118.59M	103.55M	98.33M	95.01M	15.20M
Stockholders Equity	25.96M	27.28M	80.43M	111.76M	120.75M	90.54M
Cash Flow
Free Cash Flow	-12.82M	-8.25M	-17.71M	-4.08M	14.17M	22.59M
Operating Cash Flow	110.00K	-627.00K	-5.22M	14.16M	34.78M	35.40M
Investing Cash Flow	-12.08M	-6.44M	-12.49M	-19.44M	-22.97M	-14.45M
Financing Cash Flow	12.61M	2.71M	62.00K	-3.91M	-3.06M	-5.22M

Gold Resource Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.75
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 0.75 is below the 20-day moving average (MA) of 0.79, below the 50-day MA of 0.80, and above the 200-day MA of 0.58, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 48.89 is Neutral, neither overbought nor oversold. The STOCH value of 78.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GORO.

Gold Resource Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CTGO	50 Neutral	$327.08M	―	―	―	―	91.60%
PZG	45 Neutral	$86.10M	-8.03	-25.24%	―	―	1.19%
GORO	43 Neutral	$85.14M	-1.47	-92.98%	―	-15.35%	30.92%

Gold Resource Corporate Events

Gold Resource Corporation Reports Q3 2025 Earnings

Gold Resource Corporation is a mining company primarily engaged in the exploration and production of gold and silver, operating mainly in Mexico. In its latest earnings report for the third quarter of 2025, the company highlighted a production of 6,298 gold equivalent ounces from its Don David Gold Mine, with improvements in production due to new equipment and strategic use of third-party contractors. Despite these advancements, the company reported a net loss of $4.7 million for the quarter, attributed to lower production and sales volumes. The company also raised $11.4 million through a registered direct offering to improve its financial position. Looking ahead, Gold Resource Corporation aims to enhance its cash flow and production capabilities, although it faces challenges related to equipment availability and production targets.

Gold Resource Corp’s Earnings Call: Signs of Turnaround

The recent earnings call for Gold Resource Corporation conveyed a cautiously optimistic sentiment, highlighting early signs of operational turnaround and robust financial management. Despite facing challenges such as safety incidents, delayed equipment, and increased costs, the company remains focused on future improvements. The management’s tone was positive, emphasizing the potential for enhanced performance and profitability.

Gold Resource Closes $11.4M Stock Offering

On September 2, 2025, Gold Resource Corporation entered a securities purchase agreement to sell up to 25,315,960 shares of its common stock at $0.45 per share, resulting in approximately $11.4 million in gross proceeds. The offering closed on September 8, 2025, and the company plans to use $6.4 million to prepay a loan, with the remaining funds allocated for working capital and development projects. This financial maneuver is expected to eliminate outstanding debt, enhance financial flexibility, and support long-term growth initiatives, including the development of the Three Sisters vein system and the Back Forty Project.

The most recent analyst rating on (GORO) stock is a Buy with a $1.25 price target. To see the full list of analyst forecasts on Gold Resource stock, see the GORO Stock Forecast page.

Gold Resource Corporation Announces $11.4 Million Direct Offering to Enhance Financial Flexibility

Gold Resource Corporation has announced a registered direct offering to raise approximately $11.4 million through the sale of common stock. The proceeds will be used to eliminate outstanding debt, enhancing the company’s financial flexibility, and support ongoing projects, including the development of the Three Sisters vein system and the Back Forty Project.

The most recent analyst rating on (GORO) stock is a Buy with a $1.25 price target. To see the full list of analyst forecasts on Gold Resource stock, see the GORO Stock Forecast page.

Gold Resource Corporation Faces Production Challenges in Q2 2025

Gold Resource Corporation reported a challenging second quarter of 2025, with lower-than-expected production at its Don David Gold Mine due to equipment constraints and limited ore production zones. Despite these setbacks, the company is taking strategic steps to improve operations, including securing additional funding to update its mining fleet and enhance processing capabilities. The company also made significant management changes and secured a loan agreement to bolster working capital, although it reported a net loss of $11.5 million for the quarter.

The most recent analyst rating on (GORO) stock is a Buy with a $1.75 price target. To see the full list of analyst forecasts on Gold Resource stock, see the GORO Stock Forecast page.