Gold Resource (NYSE:GORO) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Gold Resource (NYSE:GORO) in a report issued on Sunday. The firm issued a hold rating on the stock.

Separately, HC Wainwright increased their price target on Gold Resource from $1.50 to $1.75 and gave the company a “buy” rating in a report on Thursday, August 8th.

Gold Resource Stock Down 7.7 %

Shares of GORO opened at $0.13 on Friday. The firm’s fifty day moving average is $0.29 and its two-hundred day moving average is $0.39. The stock has a market cap of $12.54 million, a PE ratio of -0.27 and a beta of 1.50. Gold Resource has a 52-week low of $0.12 and a 52-week high of $0.71.

Gold Resource (NYSE:GORO) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.06). Gold Resource had a negative net margin of 61.31% and a negative return on equity of 35.25%. The business had revenue of $13.27 million for the quarter. As a group, research analysts anticipate that Gold Resource will post -0.38 earnings per share for the current year.

Institutional Investors Weigh In On Gold Resource

Hedge funds have recently modified their holdings of the company. Virtu Financial LLC acquired a new position in Gold Resource in the 1st quarter valued at about $37,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Gold Resource during the 3rd quarter valued at approximately $110,000. Finally, Renaissance Technologies LLC lifted its holdings in Gold Resource by 6.8% in the second quarter. Renaissance Technologies LLC now owns 1,496,390 shares of the company’s stock valued at $559,000 after acquiring an additional 95,300 shares during the last quarter. Hedge funds and other institutional investors own 18.38% of the company’s stock.

Gold Resource Company Profile

Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico and the United States. The company also explores for copper, lead, and zinc deposits. Its principal assets are the 100% owned Don David gold mine and Back Forty project covering approximately 1,304 hectares located in Menominee county, Michigan.