Saturday 17 October 2026
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Gold Resource Corporation
GORO Basic Materials Other Precious Metals & Mining
Gold Resource Corporation’s revenue for fiscal 2025 (year ended December 2025) was $99.8 million, up 51.8% from fiscal 2024. In the quarter to June 2026, revenue grew 88.0%, EPS grew 9.44% and free cash flow grew 55.4%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
3.39
0.06
+1.80%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 1.60 | 1.20 | 1.20 | 0.40 | 0.40 | 0.80 | 0.28 | 0.04 | 0.04 | 0.44 |
Analyst estimates 2026–2028 Powerpack |
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| High | 12.00 | 5.20 | 2.80 | 2.40 | 2.80 | 2.40 | 1.60 | 0.40 | 0.44 | 5.12 | |||||
| People | |||||||||||||||
| People | Employees | 13 | 16 | 7 | 64 | 11 | 16 | 16 | 488 | 465 | 485 | ||||
| Revenue/emp, $m | 6.40 | 6.88 | 16.47 | 1.88 | 8.24 | 7.82 | 8.67 | 0.20 | 0.14 | 0.21 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 83 | 110 | 115 | 120 | 91 | 125 | 139 | 98 | 66 | 100 | ||||
| Gross margin, % | 26.95 | 38.23 | 29.22 | 23.80 | 13.77 | 29.35 | 21.44 | (5.35) | (31.18) | 26.84 | |||||
| EBT | 9 | 28 | 19 | 15 | (1) | 18 | 2 | (30) | (47) | (3) | |||||
| EBT margin, % | 10.99 | 25.85 | 16.51 | 12.88 | (0.84) | 14.09 | 1.61 | (30.72) | (71.87) | (3.06) | |||||
| Net income | 4 | 4 | 9 | 6 | 4 | 8 | (6) | (24) | (57) | (6) | |||||
| Depreciation | 13 | 15 | 15 | 20 | 18 | 16 | 27 | 26 | 20 | 12 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 1.51 | 1.94 | 2.00 | 1.89 | 1.30 | 1.66 | 1.57 | 1.10 | 0.71 | 0.73 | ||||
| Earnings | 0.08 | 0.07 | 0.16 | 0.09 | 0.06 | 0.11 | (0.07) | (0.27) | (0.61) | (0.05) | |||||
| Cash flow | 0.32 | 0.63 | 0.44 | 0.38 | 0.30 | 0.46 | 0.16 | (0.06) | (0.01) | 0.16 | |||||
| Capex | (0.27) | (0.45) | (0.42) | (0.27) | (0.18) | (0.27) | (0.21) | (0.14) | (0.08) | (0.15) | |||||
| Free cash flow | 0.05 | 0.18 | 0.02 | 0.11 | 0.12 | 0.19 | (0.05) | (0.20) | (0.09) | 0.00 | |||||
| Book value | 1.94 | 1.97 | 2.21 | 2.48 | 1.30 | 1.60 | 1.26 | 0.91 | 0.30 | 0.32 | |||||
| Shares, m | 55 | 57 | 58 | 64 | 70 | 75 | 88 | 89 | 92 | 137 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 58.90 | 24.54 | 7.04 | 8.21 | 14.63 | 12.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | 2.92 | 0.83 | 0.60 | 0.42 | 0.62 | 0.72 | 0.20 | 0.07 | 0.62 | 6.28 | |||||
| P/B | 2.27 | 0.81 | 0.54 | 0.32 | 0.62 | 0.75 | 0.25 | 0.09 | 1.48 | 14.22 | |||||
| EV/Sales | 2.71 | 0.62 | 0.53 | 0.39 | 0.34 | 0.80 | 0.35 | 0.47 | 1.28 | 6.09 | |||||
| EV/FCF | 81.61 | 6.69 | 47.43 | 6.47 | 3.68 | 7.06 | (12.00) | (2.62) | (10.23) | 943.71 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 18 | 36 | 25 | 24 | 21 | 35 | 14 | (5) | (1) | 22 | ||||
| Capex | (15) | (25) | (24) | (17) | (13) | (21) | (18) | (12) | (8) | (21) | |||||
| Free cash flow | 3 | 10 | 1 | 7 | 8 | 14 | (4) | (18) | (8) | 1 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 20 | 27 | 14 | 23 | 31 | 29 | 21 | 15 | 2 | 32 | ||||
| Total debt | — | 3 | 3 | 1 | 0 | 43 | 43 | — | — | — | |||||
| Net debt | (17) | (23) | (8) | (14) | (26) | (34) | (24) | (6) | (2) | (25) | |||||
| Shareholders’ equity | 107 | 112 | 127 | 158 | 91 | 121 | 112 | 80 | 27 | 44 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 3.90 | 3.30 | 6.56 | 3.40 | 2.92 | 4.99 | (2.97) | (12.25) | (34.26) | (3.92) | ||||
| ROIC | 6.38 | 19.92 | 10.02 | 6.95 | (1.89) | 12.67 | 1.59 | (15.42) | (67.70) | 61.54 | |||||
| ROE | 4.48 | 3.79 | 7.76 | 4.09 | 3.51 | 7.60 | (5.44) | (25.12) | (104.91) | (18.11) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 9 Oct 2026
Charts ten years each
Gold Resource Corporation vs peers in Other Precious Metals & Mining (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| PPTA Perpetua Resources Corp. | $2.3B | — (loss-making) | — | — | n/m | −1,165.90% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| SLSR Solaris Resources Inc. | $1.1B | — (loss-making) | — | — | n/m | −51.52% (below 0%: shrinking) | — | 0.00% | Compare |
| MUX McEwen Inc. | $994.6M | 11.9× | 13.5× | +26.84% (above 0%: growing) | +166.67% (above 0%: growing) | +328.14% (above 0%: growing) | 33.90% | 13.01% | Compare |
| ASM Avino Silver | $881.5M | 19.1× | 15.6× | +22.85% (above 0%: growing) | +200.00% (above 0%: growing) | +106.43% (above 0%: growing) | 48.42% | 34.22% | Compare |
| MTA Metalla Royalty & Streaming Ltd. | $757.4M | — (loss-making) | 79.7× | +93.84% (above 0%: growing) | n/m | +75.32% (above 0%: growing) | 91.00% | 44.37% | Compare |
| GORO Gold Resource Corporation | $526.7M | 57.9× | — (loss-making) | +87.98% (above 0%: growing) | n/m | +55.36% (above 0%: growing) | 29.51% | 8.50% | |
| ITRG Integra Resources Corp. | $488.9M | 60.8× | — | +15.92% (above 0%: growing) | 0.00% | +154.33% (above 0%: growing) | 33.01% | 20.06% | Compare |
| VOXR Vox Royalty Corp. | $346.1M | 7.2× | 12.3× | +122.56% (above 0%: growing) | n/m | +146.39% (above 0%: growing) | 66.34% | 123.61% | Compare |
| LODE Comstock Inc. | $143.6M | — (loss-making) | — (loss-making) | −19.65% (below 0%: shrinking) | n/m | −73.98% (below 0%: shrinking) | (328.48%) | (9,873.68%) | Compare |
| Median of peers | $819.4M | 15.5× | 14.6× | +24.85% | +166.67% | +90.88% | 33.90% | 16.54% |
Gold Resource Corporation (GORO) key facts
- Strength: Gold Resource Corporation’s revenue for fiscal 2025 (year ended December 2025) was $99.8 million, up 51.8% from fiscal 2024.
- Gold Resource Corporation (GORO) is an Other Precious Metals & Mining company in the Basic Materials sector, listed on NYSE American.
- As of October 16, 2026, GORO traded at $3.39, a market capitalization of $526.7 million.
- Return on equity was −18.1% and debt-to-equity 0.00.
- Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 3.10 (safe zone) for fiscal 2025.