As this happened, Alliance Global Partners initiated its Gold Resource Corp [GORO] rating to a Buy in a research note published on July 21, 2022; the price target was $4.25. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who began to cover the stock in mid June with a ‘”a Buy”‘ rating. H.C. Wainwright began covering GORO with “Buy” recommendation on March 25, 2019. Global Hunter Securities revised its rating on May 09, 2013. It rated GORO as “a Reduce” which previously was an “a Neutral”.
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Price Performance Review of GORO
On Tuesday, Gold Resource Corp [AMEX:GORO] saw its stock jump 25.31% to $0.51. Over the last five days, the stock has gained 21.26%. Gold Resource Corp shares have risen nearly 35.64% since the year began. Nevertheless, the stocks have risen 18.99% over the past one year. While a 52-week high of $0.71 was reached on 04/04/24, a 52-week low of $0.22 was recorded on 01/31/24. SMA at 50 days reached $0.3702, while 200 days put it at $0.3960.
Levels Of Support And Resistance For GORO Stock
The 24-hour chart illustrates a support level at 0.4508, which if violated will result in even more drops to 0.3916. On the upside, there is a resistance level at 0.5396. A further resistance level may holdings at 0.5692. The Relative Strength Index (RSI) on the 14-day chart is 73.56, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0633, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.00%. Stochastics %K at 72.49% indicates the stock is a holding.
How much short interest is there in Gold Resource Corp?
A steep rise in short interest was recorded in Gold Resource Corp stocks on 2024-09-30, growing by 23393.0 shares to a total of 64871.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 41478.0 shares. There was a rise of 36.06%, which implies that there is a positive sentiment for the stock.