How to Buy Gold Resource Stock
Gold Resource Corp
Gold Resource Corporation explores for, develops, produces, and sells gold and silver in Mexico and the United States. It also explores for copper, lead, and zinc deposits.
Gold Resource stock last closed at $0.45, up 4.4% from the previous day, and has decreased 52.53% in one year. It has underperformed other stocks in the Gold industry by 0.4 percentage points. Gold Resource stock is currently +109.77% from its 52-week low of $0.22, and -53.46% from its 52-week high of $0.97.
There are currently 90.79M GORO shares outstanding. The market value of GORO is $40.95M. In the past 24 hours, 610,016 GORO shares were traded.
How to Buy Gold Resource Stock
Not sure how to invest in Gold Resource stock? Here's how.
- Decide where to buy Gold Resource stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Gold Resource stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Choose your payment method and add your details.
- Analyze Gold Resource stock: The Gold Resource ticker symbol is GORO. Is Gold Resource stock a good investment? Should you buy shares of GORO? How do GORO's underlying business fundamentals look? Do top analysts think Gold Resource is a good buy? Why has GORO's stock price moved recently? (Hint: Our stock research tools can help you decide if GORO is a good stock to buy).
- Make your GORO trade: Decide if you will purchase GORO shares at the current market price or use a limit order to buy GORO shares at a specific price.
- Get key alerts regarding your GORO position: Create a watchlist to keep track of your new investment in Gold Resource shares.
Step 1: Decide where to buy Gold Resource stock
You need a brokerage account in order to access the NYSEMKT market and buy GORO stock.
Our recommended brokerage: eToro
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- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by creating an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the right brokerage, you need to fill out some personal information so you can invest in GORO today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open your new trading account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have finished signing up on the greatest app to buy stocks, you need to deposit funds:
Watch the tutorial below for more details transferring funds into your new brokerage account.
Step 4: Analyze Gold Resource stock
After you have figured out the best place to buy Gold Resource stock, it's absolutely critical to evaluate their stock before you buy, so you truly wrap your head around the risk as well as the opportunity.
Gold Resource Numbers
Gold Resource Overview
WallStreetZen was built to help average investors do more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on GORO's stock page.
How is GORO stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge GORO's fair value.
Using relative valuations measures:
- GORO could be undervalued based on its P/B ratio of 0.44x, relative to Gold industry P/B ratio of 1.77x
You can access additional valuation research on GORO's stock here.
A look at GORO Cashflows and Balance Sheet
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the GORO balance sheet.
- GORO has $5.66M in cash and short term investments. This is sufficient to cover its annual cash burn of $16.11M.
Negative Health Checks:
- Total GORO debt is higher than 5 years ago, relative to shareholder equity.
- GORO has cash burn of 16106000. It does not have sufficient cash and short-term investments to cover this.
- GORO profit margin has gone down from -9.1% to -22.3% in the past year.
- GORO has a relatively high debt to equity ratio of 0.97.
- There are more long-term liabilities than short-term assets on the GORO balance sheet.
Is it a good time to buy Gold Resource stock, according to analysts?
Out of 1 Equities analysts who monitor GORO, the consensus analyst rating on GORO is a Buy
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are forecasting on the Gold Resource stock forecast page.
GORO Momentum
GORO Growth Numbers
Last year, GORO revenue was $85.20M. Over the past five year, GORO's revenue has grown by -4.93% per year. This was slower than the Gold industry average of 16.16%.
Learn more about GORO's earnings and revenue performance here.
Latest Insiders Trades at GORO
Over the last year, insiders at GORO have sold more shares than they have bought.
Alberto Reyes, Chief Operating Officer of GORO, was the latest GORO insider to sell. They sold $6,864.71 worth of GORO stock on Mar 21, 2024.
Learn more about who owns GORO stock here.
Can I rely on GORO as an income stream?
No, Gold Resource doesn't provide an income stream by paying out dividends.
GORO Social Trading Data
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your GORO trade
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount, use a limit order.
Press the Open button and eToro will execute the order.
If you want more assistance buying stocks on eToro, click the how to video below:
Step 6: Get key alerts regarding your GORO position
Now that you own some GORO stock, you'll want to keep up with your investment.
Start a watchlist to monitor your GORO stock.
GORO Feed
How to Buy Stock in Gold Resource
To summarize, here are the 6 steps to buy stock in Gold Resource:
- Decide where to buy Gold Resource stock
- Open your brokerage account
- Deposit money your brokerage account
- Analyze Gold Resource stock
- Make your GORO trade
- Get key alerts regarding your GORO position
If you are looking for a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get updates on your new investment in Gold Resource, create a watchlist on WallStreetZen today.
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