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 sent to investors on Wednesday. The firm issued a sell rating on the stock.

Separately, HC Wainwright lowered their price target on Gold Resource from $1.75 to $1.50 and set a buy rating for the company in a research report on Friday, March 15th.

Gold Resource Trading Down 2.1 %

Shares of GORO stock opened at $0.39 on Wednesday. Gold Resource has a 1-year low of $0.22 and a 1-year high of $0.71. The stock’s fifty day simple moving average is $0.47. The stock has a market cap of $35.10 million, a P/E ratio of -1.84 and a beta of 1.53.

Gold Resource (NYSE:GORO) last announced its earnings results on Thursday, May 2nd. The company reported ($0.05) earnings per share for the quarter. Gold Resource had a negative return on equity of 19.21% and a negative net margin of 22.30%. The business had revenue of $18.70 million for the quarter. Sell-side analysts predict that Gold Resource will post -0.06 EPS for the current year.

Institutional Trading of Gold Resource

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in Gold Resource during the 1st quarter worth about $37,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Gold Resource by 14.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,441,384 shares of the company’s stock valued at $1,050,000 after buying an additional 312,765 shares during the period. Financial & Tax Architects LLC acquired a new position in shares of Gold Resource in the 4th quarter valued at about $28,000. Perritt Capital Management Inc. lifted its holdings in shares of Gold Resource by 200.0% in the 3rd quarter. Perritt Capital Management Inc. now owns 300,000 shares of the company’s stock valued at $128,000 after buying an additional 200,000 shares during the period. Finally, PEAK6 Investments LLC lifted its holdings in shares of Gold Resource by 22.8% in the 3rd quarter. PEAK6 Investments LLC now owns 307,003 shares of the company’s stock valued at $131,000 after buying an additional 57,002 shares during the period. Institutional investors and hedge funds 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.