Gold Resource Corp. (NYSE: GORO) is a mining company based in Colorado Springs, with operations in the United States and Mexico. Alternative investors are often focused on pure-play stocks for energy and related technologies. However, mining stocks can also feature in a well-diversified portfolio, as the companies behind them are closely linked to alternative energy and products like batteries and electric vehicles.
Gold Resource Corp. is primarily a gold and silver mining company. It also produces zinc, lead, and copper. All of these materials are relevant to alternative energy. Gold and silver are used in the production of solar panels. Lead and zinc are used for the production of rechargeable batteries. Copper is often used as a wiring material and can find its way into devices ranging from circuit boards to microprocessors. The diverse use of these metals makes this stock a complementary pick for any alternative portfolio.
Gold pricing is volatile, so revenue for Gold Resource Corp. can fluctuate. The company generated revenue growth in three of the previous five years. Even though revenue can vary, the company is operationally efficient and maintains a gross profit margin near 30%. A dividend has been paid consistently for the last nine years, and even with a moderate yield of 0.88%, it can provide significant returns over time. Stock is bargain priced today and with an average target of $7.25, there’s a chance of a mid-term upside.
- 1 Year Price Growth: 44%
- YTD Price Growth: 00%
- 3 Month Price Growth: 62%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.