
Gold Resource (GORO) Stock Forecast & Price Target
Gold Resource (GORO) Analyst Ratings
Bulls say
Gold Resource Corp has made significant advancements in enhancing its future production profile, particularly through ongoing upgrades to its mining fleet and the development of the Three Sisters vein system. These initiatives are expected to bolster the company's operational capabilities and improve its long-term production outlook. Additionally, the Three Sisters vein shows promise in facilitating a return to positive cash flow, which could contribute to the company's financial stability and growth.
Bears say
Gold Resource Corp recorded $11.2 million in revenue during the quarter but experienced a significant net loss of $11.5 million, translating to a loss of $0.09 per share. The company's operational strategy of mining only one accessible face at a time has led to a decline in overall production, raising concerns about its ability to generate consistent revenue. Additionally, adjustments to production forecasts indicate potential challenges in achieving operational efficiency and profitability in its existing and pipeline projects.
This aggregate rating is based on analysts' research of Gold Resource and is not a guaranteed prediction by Public.com or investment advice.
Gold Resource (GORO) Analyst Forecast & Price Prediction
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