Gold Resource (Gold Resource) Momentum Rank : 2 (As of Apr. 28, 2024)

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What is Gold Resource Momentum Rank?

Gold Resource has the Momentum Rank of 2.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Gold Resource's Momentum Rank

For the Gold subindustry, Gold Resource's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Gold Resource's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Gold Resource's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Gold Resource's Momentum Rank falls into.

Gold Resource Momentum Rank Related Terms

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Gold Resource (Gold Resource) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Resource Corp (AMEX:GORO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GIH:Germany

Address

7900 East Union Avenue, Suite 320, Denver, CO, USA, 80237

Website

https://www.goldresourcecorp.com

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.

Executives

Chet Holyoak	officer: Interim CFO	7900 E UNION AVENUE, SUITE 320, DENVER CO 80237
Allen J Palmiere	director, officer: CEO, President	2000 S. COLORADO BLVD., SUITE 10200, DENVER CO 80222
Joseph Martin Driscoll	director	2000 S. COLORADO BLVD, SUITE 10200, DENVER CO 80222
Kimberly C Perry	officer: Chief Financial Officer	2886 CARRIAGE MANOR POINT, COLORADO SPRINGS CO 80906
Alberto Reyes	officer: Chief Operating Officer	53 RIVER VALLEY DRIVE, KITCHENER A6 N2C 2V5
Lila A Murphy	director	2000 S. COLORADO BLVD., SUITE 10200, DENVER CO 80222
Ronald Little	director	2234 OLD LILAC LANE, OTTAWA A6 K1H 6H7
Richard M Irvine	director	LAS ROSAS #339, COLONIA REFORMA, OAXACA O5 68050
Alex G Morrison	director	1658 COLE BLVD., BLDG. 6, SUITE 210, LAKEWOOD CO 80401
Elizabeth Ann Wilkinson	officer: See Remarks	45 GLENADEN AVENUE E, TORONTO A6 M8Y 2L4
Bill M Conrad	director	2886 CARRIAGE MANOR POINT, COLO SPGS CO 80906
Gregory A Patterson	officer: VP Corporate Development	2886 CARRIAGE MANOR POINT, COLORADO SPRINGS CO 80906
Barry D Devlin	officer: VP Exploration	7338 YELLOW FIN COURT, BLAINE WA 98230
John A Labate	officer: Chief Financial Officer
Jessica M Browne	officer: VP, General Counsel, Secretary	2886 CARRIAGE MANOR POINT, COLORADO SPRINGS CO 80906