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

Posted by Stephan Jacobs on Jan 7th, 2025

StockNews.com assumed coverage on shares of Gold Resource (NYSE:GORO – Free Report) in a research report sent to investors on Saturday morning. The firm issued a hold rating on the stock.

Gold Resource Price Performance

Shares of GORO opened at $0.23 on Friday. The company has a market capitalization of $21.81 million, a price-to-earnings ratio of -0.47 and a beta of 1.48. The business’s 50-day moving average is $0.18 and its 200-day moving average is $0.31. Gold Resource has a fifty-two week low of $0.12 and a fifty-two week high of $0.71.

Gold Resource (NYSE:GORO – Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $13.27 million for the quarter. Equities research analysts expect that Gold Resource will post -0.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gold Resource

An institutional investor recently bought a new position in Gold Resource stock. The Manufacturers Life Insurance Company purchased a new position in shares of Gold Resource Co. (NYSE:GORO – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 315,978 shares of the company’s stock, valued at approximately $110,000. The Manufacturers Life Insurance Company owned approximately 0.33% of Gold Resource at the end of the most recent reporting period. 18.38% of the stock is owned by hedge funds and other institutional investors.

About Gold Resource

(Get Free Report)

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.