H.C. Wainwright Reiterates Buy Rating on Gold Resource Corp (GORO)

H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating and $1.25 price target on Gold Resource Corp (NYSE: GORO).

The analyst commented: "We note that GORO's experienced management team has identified clear paths to stabilizing production through upgrades to the mill and replacement of aging fleet components. In our view, this should ultimately offset issues related to equipment availability and development delays at the Don David Gold Mine (DDGM). Year-to-date, the company has raised about $12.0M through equity offerings, asset sales, and a tax refund while continuing to evaluate additional financing options. We believe that the firm's balance sheet has improved and the turnaround story remains ongoing. Reiterate Buy rating and $1.25 PT."

For an analyst ratings summary and ratings history on Gold Resource Corp click here. For more ratings news on Gold Resource Corp click here.

Shares of Gold Resource Corp closed at $0.62 yesterday.

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