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home / news releases / GORO - Gold Resource Looks Overvalued From A Fundamentals Point Of View

GORO - Gold Resource Looks Overvalued From A Fundamentals Point Of View

Gold Resource Corporation
  • The company has a small gold and silver mine in Mexico and is valued at around 2x EV/EBITDA.
  • It has no debts and has distributed more than $117 million in dividends in the last decade.
  • However, I’m bearish because the proven and probable reserves are just 270,800 ounces of gold equivalent.
  • The mine life is very limited and I think that the business is close to worthless unless Gold Resource can manage to find a lot more reserves.

For further details see:

Gold Resource Looks Overvalued From A Fundamentals Point Of View
Stock Information
Company Name: Gold Resource Corporation
Stock Symbol: GORO
Market: NYSE
Website: goldresourcecorp.com
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