Bullish post arguing Gold Resource Corp (GORO) could beat this quarter as record gold prices lift its margins.
Unpriced research observations (excluded from Calls and Returns):
GORO — LONG The author argues Gold Resource Corp is interesting because rising gold prices are making the small miner's margins increasingly favorable. The mechanism is that gold's upward trend should be directly reflected in this quarter's revenue and earnings, and GORO benefits more than many large producers each day gold rises. The catalyst is the upcoming quarterly results, which have not yet been released. The stated risk is that GORO's production is limited. resolved_entity_name_mismatch
With gold rising day after day, this company's margins are looking increasingly favorable.