Gold Resource (NYSE:GORO) Announces Earnings Results

Gold Resource (NYSE:GOROGet Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06), Zacks reports. Gold Resource had a negative net margin of 51.93% and a negative return on equity of 27.52%. The company had revenue of $13.27 million for the quarter.

Gold Resource Price Performance

GORO stock traded down $0.01 during midday trading on Thursday, hitting $0.15. The company’s stock had a trading volume of 357,092 shares, compared to its average volume of 904,459. The stock has a market capitalization of $13.56 million, a P/E ratio of -0.32 and a beta of 1.50. Gold Resource has a twelve month low of $0.12 and a twelve month high of $0.71. The company’s fifty day moving average price is $0.32 and its 200 day moving average price is $0.40.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. StockNews.com assumed coverage on Gold Resource in a research report on Friday, November 1st. They set a “hold” rating for the company. HC Wainwright raised their price objective on shares of Gold Resource from $1.50 to $1.75 and gave the stock a “buy” rating in a report on Thursday, August 8th.

Get Our Latest Report on GORO

About Gold Resource

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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.

Further Reading

Earnings History for Gold Resource (NYSE:GORO)

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