Gold Resource Stock (AMEX:GORO), Trade Ideas

Gold Resource

Gold Resource Corp is a gold and silver producer, developer, and explorer with operations in Oaxaca, Mexico, and Nevada, USA. It targets low capital expenditure projects with the potential for generating high returns on capital. The company's two pipeline projects are; Don David Gold at Oaxaca, Mexico, and Back Forty at Michigan, United States of America.

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Gold Resource Reports Q1 Sales; Worthington Steel Partner-Level Supplier; US Gold&#39;s Direct Offering And More: Tuesday&#39;s Top Mining Stories

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Gold Resource Corp

Top Stories for April 16, 2024:
1. Gold Resource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GORO#NYSE">GORO</a>) reported <a href="https://www.benzinga.com/news/24/04/38263711/reported-earlier-gold-resource-preliminary-q1-results-sold-3-557-oz-of-gold-and-216-535-oz-of-silver">preliminary Q1 results</a>, including sales of 3,557 ounces of gold and 216,535 ounces of silver, totaling 5,965 gold equivalent ounces. 
The company also sold 1,682 tons of zinc, 264 tons of copper and 667 tons of lead.&nbsp;
CEO Allen Palmiere highlighted ongoing cost reduction and efficiency efforts, the progression of the 2024 drill program aimed at resource and production enhancement and beneficial effects from rising metal prices despite a strong Mexican peso.
2. Worthington Steel (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ws#NYSE">WS</a>) was recognized as a partner-level supplier for the 12th year in a row in the John Deere Achieving Excellence Program, the highest rating from Deere &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>).
Worthington Steel supplies steel sheets to multiple John Deere facilities for various agricultural equipment productions and it earned this recognition for its exceptional product quality and commitment to continuous improvement.&nbsp;
Suppliers in the John Deere Achieving Excellence Program are assessed annually on quality, delivery, process alignment, relationship and value creation.&nbsp;
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/m-a/24/04/38253150/gold-road-considers-major-stake-in-greenstone-investors-wary-of-potential-high-costs">Gold Road Considers Major Stake In Greenstone; Investors Wary Of Potential High Costs</a>
3. U.S. Gold (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USAU#NASDAQ">USAU</a>) announced a $4.9 million direct offering. 
The deal includes selling 1.4 million shares at $3.50 each (total of roughly $4.9 million).
It also includes unregistered warrants to buy another 1.4 million shares at $4.48 each. The warrants are exercisable six months post-issuance and expire in five years.&nbsp;
The sale is expected to close by April 19, subject to standard conditions.
4. When asked for a comment on Ioneer's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONR#NASDAQ">IONR</a>) progress at its Rhyolite Ridge lithium site reported Monday, Executive Chairman James Calaway said, "The forthcoming release of the draft EIS represents six years of hard work to help build America's critical minerals supply chain and reaffirms the viability of our investment in Nevada.&#8221;
&#8220;Rhyolite Ridge will help accelerate the electric vehicle transition and secure a cleaner future for our children and grandchildren. As we move through the final steps in the federal permitting process, Ioneer will keep working to ensure this world-class project will operate efficiently and sustainably,&#8221; he added.
5. Kaiser Aluminum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KALU#NASDAQ">KALU</a>) declared a quarterly dividend of 77 cents per share, payable on May 15 to shareholders on record as of April 25.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/m-a/24/04/38201281/revival-gold-acquires-ensign-minerals-to-become-a-cash-flowing-mid-tier-us-gold-producer">Revival Gold Acquires Ensign Minerals &#8216;To Become A Cash-Flowing Mid-Tier US Gold Producer&#8217;</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
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Gold Resource Reports Q1 Sales; Worthington Steel Partner-Level Supplier; US Gold's Direct Offering And More: Tuesday's Top Mining Stories

Gold Resource Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GORO#NYSE">GORO</a>) (the &quot;Company&quot;) announces its preliminary&nbsp;first quarter&nbsp;results that includes the sale of 3,557 ounces of gold and 216,535 ounces of silver resulting in total gold equivalent (&quot;AuEq&quot;) ounces of 5,965. Additionally, the company sold 1,682 tonnes of zinc, 264 tonnes of copper, and 667 tonnes of lead.

Reported Earlier, Gold Resource Preliminary Q1 Results, Sold 3,557 oz Of Gold And 216,535 oz Of Silver Resulting In Total Gold Equivalent oz Of 5,965.

The price of gold reached all-time high of over $2,200 per ounce this week, reacting positively to the indications emerging from the latest Federal Open Market Committee (FOMC) meeting in which policymakers reiterated their intentions to cut interest rates three times <a href="https://www.benzinga.com/economics/macro-economic-events/24/03/37857035/fed-chair-powell-opens-door-to-rate-cuts-this-year-downplays-recent-inflation-upt">in the current year.</a>
The precious metal already surged by 6% this month, marking its fourth positive week out of the last five, sparking a revival in gold mining stocks.
In a recent note from Bank of America published this week, analysts reiterated gold remained one of the favored trades for 2024, citing three key drivers: its hedge status against global stocks, central banks&#8217; accumulation of gold at record levels and the potential for increased investor participation in ETF purchases.
Bank of America remarked, &#8220;More investors could enter the market if yields fall, potentially propelling the gold price to a long-term upside around $2500-$2600.&#8221;
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37879685/gold-investors-should-own-these-etfs-says-bank-of-america-why-analysts-expect-gold-">Gold Investors Should Own These ETFs, Says Bank Of America: Why Analysts Expect Gold Spike To $2,600</a>
Despite these bullish trends in gold prices, several mining stocks have trailed behind the commodity and are yet to demonstrate their full upside potential. For instance, the VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) is down 3% year-to-date, in contrast to an 8% gain in spot gold prices.
In another note, Bank of America&#8217;s research analyst Lawson Winder, CFA, highlighted that several gold mining stocks are undervalued compared to the spot market price of gold.
According to Winder, Centerra Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CGAU#NYSE">CGAU</a>) was priced as if gold were trading at $1,240 per ounce. Other undervalued mining stocks in comparison to the gold price include B2Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTG#NYSE">BTG</a>), Barrick Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>) and Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>).
&#8220;Investors should prioritize gold mining stocks that exhibit a high ratio of upside beta to downside beta, such as Barrick or Newmont,&#8221; advised Bank of America.
<h1 class="wp-block-heading">Best Performing Gold Mining Stocks In March 2024</h1>
Five gold miners have already rallied more than 30% thus far this month, showcasing a strong sensitivity to commodity price gains. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Price Chg. % (MTD)</td>
</tr>
<tr>
<td>Gold Resource Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GORO#NYSE">GORO</a>)</td>
<td>54.12%</td>
</tr>
<tr>
<td>Austin Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AUST#NYSE">AUST</a>)</td>
<td>52.67%</td>
</tr>
<tr>
<td>McEwen Mining Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>)</td>
<td>45.44%</td>
</tr>
<tr>
<td>Vista Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGZ#NYSE">VGZ</a>)</td>
<td>42.58%</td>
</tr>
<tr>
<td>Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>)</td>
<td>33.40%</td>
</tr>
</tbody>
</table>
</figure>
Read Now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37881013/larry-summers-questions-feds-eagerness-to-cut-rates-as-easy-money-policies-clash-wi">Larry Summers Questions Fed&#8217;s Eagerness To Cut Rates As Easy Money Policies Clash With High Inflation: &#8216;I Don&#8217;t Fully Get It&#8217;</a>
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HC Wainwright &amp; Co. analyst Heiko Ihle maintains Gold Resource (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GORO#AMEX">GORO</a>) with a Buy and lowers the price target from $1.75 to $1.5.

Price Target

HC Wainwright & Co. Maintains Buy on Gold Resource, Lowers Price Target to $1.5

Gold Resource (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GORO#AMEX">GORO</a>) reported its Q4 earnings results on Wednesday, March 13, 2024 at 04:59 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Gold Resource beat estimated earnings by 67.0%, reporting an EPS of $-0.03 versus an estimate of $-0.09.
Revenue was down $11.23 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.04 which was followed by a 18.0% drop in the share price the next day.
Here's a look at Gold Resource's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.04</td>
<td>-0.06</td>
<td>0.03</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.08</td>
<td>-0.01</td>
<td>-0.04</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>19.48M</td>
<td>17.16M</td>
<td>29.44M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>20.55M</td>
<td>31.23M</td>
<td>32.37M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Gold Resource <a href="https://www.benzinga.com/quote/GORO/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Gold Resource Q4 Earnings

Gold Resource (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GORO#AMEX">GORO</a>) reported quarterly losses of $(0.03) per share which missed the analyst consensus estimate of $(0.02) by 50 percent. The company reported quarterly sales of $21.141 million which beat the analyst consensus estimate of $18.953 million by 11.54 percent. This is a 34.70 percent decrease over sales of $32.374 million the same period last year.

Earnings Beats

Earnings Misses

Gold Resource Q4 2023 GAAP EPS $(0.03) Misses $(0.02) Estimate, Sales $21.141M Beat $18.953M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Sangamo Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NASDAQ">SGMO</a>) is likely to report quarterly loss at $0.26 per share on revenue of $8.10 million.
&bull; Silence Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLN#NASDAQ">SLN</a>) is expected to report earnings for its fourth quarter.
&bull; Optical Cable (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCC#NASDAQ">OCC</a>) is likely to report earnings for its first quarter.
&bull; Perma-Fix Envirn Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PESI#NASDAQ">PESI</a>) is likely to report quarterly earnings at $0.06 per share on revenue of $22.50 million.
&bull; Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) is estimated to report quarterly earnings at $2.65 per share on revenue of $8.67 billion.
&bull; Magic Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGIC#NASDAQ">MGIC</a>) is expected to report quarterly earnings at $0.19 per share on revenue of $117.50 million.
&bull; Petco Health and Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) is estimated to report quarterly earnings at $0.02 per share on revenue of $1.62 billion.
&bull; iShares $ Corp Bond UCITS ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDA#NASDAQ">LQDA</a>) is estimated to report quarterly loss at $0.23 per share on revenue of $4.73 million.
&bull; Aadi Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AADI#NASDAQ">AADI</a>) is estimated to report quarterly loss at $0.65 per share on revenue of $6.29 million.
&bull; Moolec Science (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLEC#NASDAQ">MLEC</a>) is likely to report quarterly loss at $0.07 per share on revenue of $600 thousand.
&bull; ADC Therapeutics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADCT#NYSE">ADCT</a>) is likely to report quarterly loss at $0.50 per share on revenue of $15.33 million.
&bull; Target Hospitality (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TH#NASDAQ">TH</a>) is expected to report quarterly earnings at $0.24 per share on revenue of $118.00 million.
&bull; iSpecimen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPC#NASDAQ">ISPC</a>) is expected to report quarterly loss at $0.24 per share on revenue of $3.04 million.
&bull; WideOpenWest (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOW#NYSE">WOW</a>) is projected to report quarterly loss at $0.01 per share on revenue of $170.57 million.
&bull; Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) is estimated to report earnings for its fourth quarter.
&bull; Arcos Dorados Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>) is expected to report quarterly earnings at $0.31 per share on revenue of $1.15 billion.
&bull; ZIM Integrated Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) is estimated to report quarterly loss at $1.29 per share on revenue of $1.28 billion.
&bull; ProFrac Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACDC#NASDAQ">ACDC</a>) is projected to report quarterly earnings at $0.02 per share on revenue of $594.97 million.
&bull; Sharecare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHCR#NASDAQ">SHCR</a>) is likely to report quarterly loss at $0.06 per share on revenue of $114.99 million.
&bull; Village Farms Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFF#NASDAQ">VFF</a>) is likely to report quarterly loss at $0.02 per share on revenue of $69.79 million.
&bull; Vera Bradley (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRA#NASDAQ">VRA</a>) is likely to report quarterly earnings at $0.14 per share on revenue of $136.05 million.
&bull; Global Indemnity Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBLI#NYSE">GBLI</a>) is likely to report quarterly earnings at $0.54 per share on revenue of $141.00 million.
<h3>Companies Reporting After The Bell</h3>
&bull; i-80 Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IAUX#AMEX">IAUX</a>) is estimated to report earnings for its fourth quarter.
&bull; RCM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCMT#NASDAQ">RCMT</a>) is expected to report quarterly earnings at $0.62 per share on revenue of $72.29 million.
&bull; Adams Resources &amp; Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AE#AMEX">AE</a>) is projected to report quarterly loss at $0.08 per share on revenue of $678.36 million.
&bull; Coherus BioSciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRS#NASDAQ">CHRS</a>) is projected to report quarterly loss at $0.12 per share on revenue of $96.40 million.
&bull; Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) is estimated to report quarterly earnings at $0.04 per share on revenue of $14.61 million.
&bull; Jowell Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JWEL#NASDAQ">JWEL</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $228.53 million.
&bull; MorphoSys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOR#NASDAQ">MOR</a>) is estimated to report quarterly earnings at $0.09 per share on revenue of $67.89 million.
&bull; North American (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOA#NYSE">NOA</a>) is likely to report quarterly earnings at $0.74 per share on revenue of $248.81 million.
&bull; Pangaea Logistics Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANL#NASDAQ">PANL</a>) is expected to report quarterly earnings at $0.34 per share on revenue of $140.16 million.
&bull; Quoin Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QNRX#NASDAQ">QNRX</a>) is likely to report earnings for its fourth quarter.
&bull; VAALCO Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGY#NYSE">EGY</a>) is estimated to report quarterly earnings at $0.12 per share on revenue of $129.06 million.
&bull; SuRo Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSSS#NASDAQ">SSSS</a>) is projected to report quarterly loss at $0.14 per share on revenue of $1.10 million.
&bull; scPharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCPH#NASDAQ">SCPH</a>) is projected to report quarterly loss at $0.42 per share on revenue of $5.52 million.
&bull; NextNav (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NN#NASDAQ">NN</a>) is estimated to report quarterly loss at $0.14 per share on revenue of $1.19 million.
&bull; Hallador Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HNRG#NASDAQ">HNRG</a>) is projected to report quarterly earnings at $0.29 per share on revenue of $199.20 million.
&bull; Spero Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRO#NASDAQ">SPRO</a>) is projected to report quarterly loss at $0.10 per share on revenue of $18.63 million.
&bull; Fossil Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOSL#NASDAQ">FOSL</a>) is likely to report earnings for its fourth quarter.
&bull; electroCore (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECOR#NASDAQ">ECOR</a>) is likely to report quarterly loss at $0.61 per share on revenue of $4.97 million.
&bull; OPAL Fuels (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPAL#NASDAQ">OPAL</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $88.52 million.
&bull; Limbach Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMB#NASDAQ">LMB</a>) is estimated to report quarterly earnings at $0.40 per share on revenue of $129.37 million.
&bull; Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) is estimated to report quarterly earnings at $2.20 per share on revenue of $7.39 billion.
&bull; Superior Gr of Cos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGC#NASDAQ">SGC</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $142.86 million.
&bull; Turtle Beach (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEAR#NASDAQ">HEAR</a>) is estimated to report quarterly earnings at $0.60 per share on revenue of $111.60 million.
&bull; Cue Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLTH#NASDAQ">HLTH</a>) is likely to report quarterly loss at $0.44 per share on revenue of $17.68 million.
&bull; Navigator Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVGS#NYSE">NVGS</a>) is expected to report quarterly earnings at $0.30 per share on revenue of $130.76 million.
&bull; GrowGeneration (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRWG#NASDAQ">GRWG</a>) is likely to report quarterly loss at $0.13 per share on revenue of $45.52 million.
&bull; Anika Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANIK#NASDAQ">ANIK</a>) is expected to report quarterly loss at $0.26 per share on revenue of $41.40 million.
&bull; FTC Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTCI#NASDAQ">FTCI</a>) is estimated to report quarterly loss at $0.07 per share on revenue of $23.12 million.
&bull; BGSF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGSF#NYSE">BGSF</a>) is estimated to report quarterly earnings at $0.08 per share on revenue of $75.05 million.
&bull; Boxlight (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOXL#NASDAQ">BOXL</a>) is expected to report quarterly loss at $0.63 per share on revenue of $36.55 million.
&bull; SentinelOne (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) is projected to report quarterly loss at $0.04 per share on revenue of $169.53 million.
&bull; Gold Resource (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GORO#AMEX">GORO</a>) is projected to report quarterly loss at $0.09 per share on revenue of $18.95 million.
&bull; Logan Ridge Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRFC#NASDAQ">LRFC</a>) is likely to report quarterly earnings at $0.50 per share on revenue of $5.00 million.
&bull; KORU Medical Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRMD#NASDAQ">KRMD</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $6.94 million.
&bull; Portman Ridge Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTMN#NASDAQ">PTMN</a>) is likely to report quarterly earnings at $0.79 per share on revenue of $19.04 million.
&bull; ESS Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWH#NYSE">GWH</a>) is likely to report quarterly loss at $0.11 per share on revenue of $3.54 million.
&bull; UiPath (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) is estimated to report quarterly earnings at $0.16 per share on revenue of $383.83 million.
&bull; Vroom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRM#NASDAQ">VRM</a>) is projected to report quarterly loss at $29.60 per share on revenue of $232.00 million.
&bull; Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) is projected to report earnings for its third quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Morgan Stanley Capital Protected Notes for S&P 500 Index

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Earnings Scheduled For March 13, 2024

Gold Resource (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GORO#AMEX">GORO</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-03-13. Here's what investors need to know before the announcement.
Analysts estimate that Gold Resource will report an earnings per share (EPS) of $-0.09. 
Gold Resource bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.04, which was followed by a 18.5% drop in the share price the next day.
Here's a look at Gold Resource's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.04</td>
<td>-0.06</td>
<td>0.03</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.08</td>
<td>-0.01</td>
<td>-0.04</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-18.0%</td>
<td>-3.0%</td>
<td>3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1710259286_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Gold Resource were trading at $0.396 as of March 11. Over the last 52-week period, shares are down 57.85%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/GORO/earnings">To track all earnings releases for Gold Resource visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Gold Resource

Precious metals surged once again in response to Fed Chair Jerome Powell&#8216;s recent statements hinting at potential monetary policy easing in 2024, contingent upon further positive data on inflation and growing confidence that price pressures will align <a href="https://www.benzinga.com/markets/equities/24/03/37511027/jerome-powell-hints-at-2024-interest-rate-cuts-awaits-greater-confidence-on-inflation-stocks-reb">with the 2% target.</a>
Gold prices, as gauged by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), soared 0.8% to $2,150/oz during midday trading in New York, surpassing the previous peak of $2,146/oz set in December 2023. The yellow metal is now on track for its seventh consecutive day of gains.
Similarly, silver experienced a notable 2.2% rally, reaching $24.20/oz, its highest level since the end of December 2023. Since the beginning of the month, both gold and silver have seen impressive gains of 5% and 6.4%, respectively.
Treasury yields extended their decline on Wednesday, with the 10-year yield falling to 4.1%, marking its lowest level in a month. Similarly, longer-dated 30-year yields dropped by 5 basis points to 4.25%, the lowest since early February.
The U.S. dollar index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), fell by 0.5%, on track for its worst session in 2024. 
In response to queries regarding the timing of potential Fed rate cuts, Powell remarked, &#8220;We are not expecting inflation to necessarily hit the 2% mark, but we do require further evidence.&#8221; Powell emphasized the anticipation of a continued decline in 12-month inflation readings. 
The Fed Chair dismantled fears of an imminent recession and stated that commercial real estate risks are &#8216;manageable.&#8217;
Markets reflect expectations of four rate cuts by December 2024, with a 73% probability assigned to the first rate cut potentially occurring as early as June.
<h2 class="wp-block-heading">Chart: Gold Prices Reach Record Highs</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/06132325/image-11-1024x495.png" alt="" class="wp-image-241808" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/06132325/image-11-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/06132325/image-11-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/06132325/image-11-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/06132325/image-11-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/06132325/image-11.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">Mining Stocks Rally Wednesday</h2>
The significant upticks in both gold and silver sparked a vigorous rally among mining stocks on Wednesday.
The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) rose 2.5%, poised for a fifth straight days of gains, reaching the highest since mid-January. 
The VanEck Junior Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDXJ#NYSE">GDXJ</a>) surged 2.4%, showing a similar trend. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-Day %</td>
<td>Market Cap</td>
</tr>
<tr>
<td>Ivanhoe Electric Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IE#NYSE">IE</a>)</td>
<td>12.03%</td>
<td>$ 1.05B</td>
</tr>
<tr>
<td>Contango Ore, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTGO#NYSE">CTGO</a>)</td>
<td>8.63%</td>
<td>$ 186.97M</td>
</tr>
<tr>
<td>Vista Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGZ#NYSE">VGZ</a>)</td>
<td>7.27%</td>
<td>$ 53.25M</td>
</tr>
<tr>
<td>Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>)</td>
<td>6.19%</td>
<td>$ 1.19B</td>
</tr>
<tr>
<td>Austin Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AUST#NYSE">AUST</a>)</td>
<td>5.73%</td>
<td>$ 13.15M</td>
</tr>
<tr>
<td>DRDGOLD Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRD#NYSE">DRD</a>)</td>
<td>4.88%</td>
<td>$ 684.89M</td>
</tr>
<tr>
<td>Gold Resource Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GORO#NYSE">GORO</a>)</td>
<td>4.70%</td>
<td>$ 24.48м</td>
</tr>
<tr>
<td>Hycroft Mining Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYMC#NASDAQ">HYMC</a>)</td>
<td>3.7%</td>
<td>$ 41.31M</td>
</tr>
<tr>
<td>Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>)</td>
<td>3.61%</td>
<td>$ 55.17B</td>
</tr>
<tr>
<td>Hecla Mining Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>)</td>
<td>3.40%</td>
<td>$ 2.43B</td>
</tr>
</tbody>
</table>
</figure>
Read now: <a href="https://www.benzinga.com/markets/equities/24/03/37490089/exclusive-truemark-investment-ceo-reveals-strategy-to-beat-markets-with-actively-managed-etfs">EXCLUSIVE: TrueMark Investment CEO Reveals Strategy To Beat Markets With Actively Managed ETFs</a>
Photo via Shutterstock.

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VTGN

Earnings Scheduled For February 13, 2024

Gold Resource (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GORO#AMEX">GORO</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-13. Here's what investors need to know before the announcement.
Analysts estimate that Gold Resource will report an earnings per share (EPS) of $-0.09. 
Gold Resource bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.04, which was followed by a 18.5% drop in the share price the next day.
Here's a look at Gold Resource's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.04</td>
<td>-0.06</td>
<td>0.03</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.08</td>
<td>-0.01</td>
<td>-0.04</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-18.5%</td>
<td>-3.23%</td>
<td>2.71%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707764501_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Gold Resource were trading at $0.255 as of February 09. Over the last 52-week period, shares are down 77.45%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/GORO/earnings">To track all earnings releases for Gold Resource visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Gold Resource

Top Stories for Jan. 30, 2024:
1. Gold Resource Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/goro#NYSE">GORO</a>) announced preliminary <a href="https://www.benzinga.com/quote/GORO/news">fourth-quarter results.</a> The company reported the sale of 3,757 ounces of gold and 258,252 ounces of silver (6,768 ounces of gold equivalent (AuEq)).
Gold Resource also sold 2,182 tons of zinc, 327 tons of copper and 820 tons of lead, with full-year sales of 1,085 AuEq ounces, 10,954 tons of zinc, 1,231 tons of copper and 4,501 tons of lead.
President and CEO Allen Palmiere said, &quot;Production during the quarter was lower than the last four quarters mainly due to lower average grades as was expected in our 2023 mine plan. We continue to identify and implement opportunities for cost reductions and operational efficiencies.&quot;
&quot;Our 2023 drill program resulted in encouraging positive results that demonstrate the potential to increase our resources and reserves that could lead to future increased production....The last quarter has continued to present challenges beyond our control as the most metal prices have continued to be lower than planned and the Mexican peso has remained strong against the U.S. dollar. We did see an increase above plan in the gold price towards the end of the year which has helped to relieve some of the negative pressure from other metal prices,&quot; he added.
2. 5E Advanced Materials, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/feam#NASDAQ">FEAM</a>) announced it closed its second tranche of equity financing that included $7.75 million new equity capital from 5ECAP, LLC.
On Jan.&nbsp;18, the company closed $10 million in equity financing, with the capital earmarked for the continuation of initial production of boric acid and lithium carbonate and to complete the final stages of its processing plant.
3. The U.S. silver producer Hecla Mining Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hl#NYSE">HL</a>) expressed <a href="https://www.benzinga.com/m-a/24/01/36869596/hecla-mining-eyes-latin-american-expansion-for-accelerated-growth">optimism about its plans</a> to expand into regions like Mexico, Peru, Bolivia or Argentina, emphasizing silver&#39;s importance in solar panels.
CEO Phillips J. Baker is also positive about the Keno Hill Silver District in Canada it acquired for $74 million, which produced 1.5 million ounces of silver in 2023 with reserves of 200 million ounces.
After a challenging 2023 full of fire-induced production disruptions, Hecla aims to increase its silver production to 20 million ounces annually by 2025 through its various operations.
Now Read:<a href="https://www.benzinga.com/markets/equities/24/01/36875784/its-terrible-metas-zuckerberg-apologizes-to-families-of-online-child-abuse-victims-at-senate-hea">&nbsp;&#39;It&#39;s Terrible&#39;: Meta&#39;s Zuckerberg Apologizes To Families Of Online Child Abuse Victims At Senate Hearing</a>
Photo: Shutterstock

Penny Stocks

FEAM

Gold Resource Announces Preliminary Results; 5E Materials Closes Equity Financing; Hecla Shares Expansion Plans

Guidance

Gold Resource Sees Prelim. FY23 Sale AuEq 31,085 Oz; Zinc Sale 10,954 Tons; Copper Sale 1,231 Tons, Lead Sale 4,501 Tons

Gold Resource Sees Prelim. Q4 Gold Sale 3,757 Oz; Silver Sale 258,252 Oz; Zinc Sale 2,182 Tons; Copper Sale 327 Tons; Lead Sale 820 Tons

The exceptional width and grade appears to occur at the confluence of two veins (Sandy 1 and Sandy 2) that are part of the Gloria and Three sisters vein arrays in the upper portion of the Mine, located approximately 250 meters below surface. The program has been testing this previously unexplored area of the deposit in order to discover and delineate potentially high-grade resources that are more easily accessible. To date, the results have been very encouraging and will be incorporated into a 2023 year-end resource estimate update, that will be released in&nbsp;Q1&nbsp;2024.

Gold Resource Reports High Grade Drill Results at the Don David Gold Mine, Step-Out Exploration Hole Intersects 17.3 Meters At 12.54 g/t Au/Eq

HC Wainwright &amp; Co. analyst Heiko Ihle maintains Gold Resource (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GORO#AMEX">GORO</a>) with a Buy and lowers the price target from $3.25 to $1.75.

HC Wainwright & Co. Maintains Buy on Gold Resource, Lowers Price Target to $1.75

Gold Resource (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GORO#AMEX">GORO</a>) reported quarterly losses of $(0.08) per share which missed the analyst consensus estimate of $(0.04) by 100 percent. This is a 27.27 percent increase over losses of $(0.11) per share from the same period last year. The company reported quarterly sales of $20.55 million which beat the analyst consensus estimate of $19.48 million by 5.49 percent. This is a 13.91 percent decrease over sales of $23.87 million the same period last year.

Gold Resource Q3 EPS $(0.08) Misses $(0.04) Estimate, Sales $20.55M Beat $19.48M Estimate