H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Gold Resource Corp (GORO) today and set a price target of $7.75. The company’s shares closed last Monday at $3.15, close to its 52-week low of $2.73.
Ihle observed:
“We note that on July 25, 2019, GRC once again declared its monthly dividend of 1/6 of a cent per common share. In short, we believe GRC’s dividends could increase due to improved earnings from higher gold prices amid increased gold production.”
According to TipRanks.com, Ihle is a 4-star analyst with an average return of 4.7% and a 48.0% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
Gold Resource Corp has an analyst consensus of Moderate Buy, with a price target consensus of $7.13.
See today’s analyst top recommended stocks >>
The company has a one-year high of $6.42 and a one-year low of $2.73. Currently, Gold Resource Corp has an average volume of 964.5K.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GORO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
