Gold Resource (NYSE:GORO) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Gold Resource (NYSE:GORO) in a research report released on Tuesday morning. The brokerage issued a hold rating on the stock.

Separately, 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.

Gold Resource Price Performance

Gold Resource stock opened at $0.18 on Tuesday. The business has a 50 day simple moving average of $0.25 and a 200 day simple moving average of $0.36. The company has a market capitalization of $17.55 million, a PE ratio of -0.39 and a beta of 1.60. Gold Resource has a one year low of $0.12 and a one year high of $0.71.

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

Institutional Trading of Gold Resource

Several large investors have recently made changes to their positions in GORO. Virtu Financial LLC acquired a new position in Gold Resource during the 1st quarter worth about $37,000. Renaissance Technologies LLC raised its stake in shares of Gold Resource by 6.8% in the second quarter. Renaissance Technologies LLC now owns 1,496,390 shares of the company’s stock worth $559,000 after acquiring an additional 95,300 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Gold Resource during the third quarter worth approximately $110,000. Institutional investors own 18.38% of the company’s stock.

About Gold Resource

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.