StockNews.com initiated coverage on shares of Gold Resource (NYSE:GORO – Free Report) in a research note published on Thursday morning. The brokerage issued a hold rating on the stock.
Separately, HC Wainwright increased their price target on Gold Resource from $1.50 to $1.75 and gave the stock a “buy” rating in a research note on Thursday, August 8th.
View Our Latest Stock Report on Gold Resource
Gold Resource Stock Down 8.2 %
Gold Resource (NYSE:GORO – Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $20.78 million during the quarter. Gold Resource had a negative net margin of 51.93% and a negative return on equity of 27.52%. As a group, analysts anticipate that Gold Resource will post -0.38 EPS for the current year.
Hedge Funds Weigh In On Gold Resource
Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new stake in shares of Gold Resource during the 1st quarter valued at $37,000. Renaissance Technologies LLC grew its position in Gold Resource by 6.8% during the second quarter. Renaissance Technologies LLC now owns 1,496,390 shares of the company’s stock valued at $559,000 after acquiring an additional 95,300 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Gold Resource by 14.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,441,384 shares of the company’s stock worth $1,050,000 after acquiring an additional 312,765 shares during the last quarter. 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.
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