WallStreetZenWallStreetZen

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 $0.55, up 4.61% from the previous day, and has decreased 35.88% in one year. It has underperformed other stocks in the Gold industry by 0.4 percentage points. Gold Resource stock is currently +153.49% from its 52-week low of $0.22, and -36.99% from its 52-week high of $0.87.

There are currently 90.79M GORO shares outstanding. The market value of GORO is $49.48M. In the past 24 hours, 926,865 GORO shares were traded.

How to Buy Gold Resource Stock

Not sure how to invest in Gold Resource stock? Here's how.
  1. 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.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Deposit money your brokerage account: Choose your payment method and add your details.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

Our recommended brokerage: eToro

Based on our experience, eToro is the best online stock brokerage. Here's why:

  • You can invest in stocks with 0% commissions: Invest without paying trading commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
  • Access to global markets: From Tech to Financial Services, New York to Shanghai — you can fill your portfolio with stocks from the globe's leading stock exchanges.
  • Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
  • 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 Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 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

  1. 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.
  2. Input your personal details to open your new trading account.
  1. Submit your info by hitting the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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

GORO Price
$0.55
1w %
23.02%
1y %
-35.88%
5y %
-81.59%
P/E
-2.6x
P/B
0.53x
P/S
0.57x
PEG
N/A
Revenue
$85.20M
Earnings
-$19.00M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$49.48M
Next Earnings
Jun 18, 2024
Next Dividend
N/A

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 0.53x, relative to Gold industry P/B ratio of 1.91x

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

SMA10
0.49
SMA20
0.48
SMA50
0.47
SMA100
0.38
SMA200
0.39
MACD
0.01
MACD Signal
0
MACD Histogram
0.01
RSI
60.19
Stochastic %K
84.83
Stochastic %D
79.09
StochRSI %K
93.4
StochRSI %D
91.66

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 14.13%.

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:

Open eToro Account

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:

  1. Decide where to buy Gold Resource stock
  2. Open your brokerage account
  3. Deposit money your brokerage account
  4. Analyze Gold Resource stock
  5. Make your GORO trade
  6. Get key alerts regarding your GORO position

If you are looking for a online brokerage, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get updates on your new investment in Gold Resource, create a watchlist on WallStreetZen today.

NYSEMKT: GORO
$0.55+0.02 (+4.61%)
Updated May 20, 2024
Open eToro Account
NYSEMKT: GORO
$0.55+0.02 (+4.61%)
Updated May 20, 2024
Open eToro Account

FAQ

How much does it cost to buy one Gold Resource share?

As of May 20, 2024, it costs $0.55 to buy one share of Gold Resource stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.27, you can buy 0.5 shares of GORO.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Gold Resource stock?

According to 1 Wall Street analysts who monitor Gold Resource, their consensus recommendation is to buy Gold Resource stock.

What is the best way to buy Gold Resource stock?

One way to place an order for Gold Resource stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.