In a report released today, Heiko Ihle from H.C. Wainwright maintained a Buy rating on Gold Resource Corp (GORO), with a price target of $7.75. The company’s shares closed yesterday at $3.78, close to its 52-week low of $3.61.
Ihle commented:
“We reiterate our Buy rating and our PT of $7.75 per share. Our valuation is based on a DCF analysis of the Oaxaca Mining Unit, utilizing a discount rate of 10.0%, which remains in-line with similar active producing projects in similar mining jurisdictions.”
According to TipRanks.com, Ihle is ranked 0 out of 5 stars with an average return of -6.6% and a 38.0% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gold Resource Corp with a $7.75 average price target.
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The company has a one-year high of $7.33 and a one-year low of $3.61. Currently, Gold Resource Corp has an average volume of 536K.
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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.
