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

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

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

Gold Resource Trading Up 15.8 %

GORO stock opened at $0.17 on Monday. The stock’s 50 day simple moving average is $0.26 and its 200 day simple moving average is $0.37. 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 $16.61 million, a PE ratio of -0.36 and a beta of 1.50.

Gold Resource (NYSE:GORO) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. On average, research analysts predict that Gold Resource will post -0.38 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in Gold Resource in the 1st quarter worth approximately $37,000. The Manufacturers Life Insurance Company purchased a new position in shares of Gold Resource during the third quarter valued at about $110,000. Finally, Renaissance Technologies LLC increased its stake in Gold Resource by 6.8% in the 2nd 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. 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.