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

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

Gold Resource Price Performance

Gold Resource stock opened at $0.23 on Friday. Gold Resource has a 12-month low of $0.12 and a 12-month high of $0.71. The stock has a market capitalization of $22.10 million, a PE ratio of -0.47 and a beta of 1.60. The firm has a 50 day simple moving average of $0.19 and a 200-day simple moving average of $0.32.

Gold Resource (NYSE:GORO) last issued 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). The firm had revenue of $13.27 million for the quarter. Gold Resource had a negative net margin of 61.31% and a negative return on equity of 35.25%. On average, analysts forecast 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 bought a new position in shares of Gold Resource Co. (NYSE:GORO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 18.38% of the stock is owned by institutional investors and hedge funds.

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.