Gold Resource (NYSE:GORO) Issues Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Gold Resource (NYSE:GORO) issued its quarterly earnings data on Tuesday. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06), Zacks reports. Gold Resource had a negative net margin of 51.93% and a negative return on equity of 27.52%. The firm had revenue of $13.27 million during the quarter.

Gold Resource Stock Down 5.9 %

Shares of GORO traded down $0.01 during trading hours on Wednesday, hitting $0.14. 987,457 shares of the company were exchanged, compared to its average volume of 899,781. The company has a market cap of $13.20 million, a price-to-earnings ratio of -0.32 and a beta of 1.50. The firm’s fifty day moving average is $0.33 and its 200 day moving average is $0.40. Gold Resource has a fifty-two week low of $0.12 and a fifty-two week high of $0.71.

Wall Street Analysts Forecast Growth

GORO has been the subject of several analyst reports. StockNews.com began coverage on shares of Gold Resource in a research note on Friday, November 1st. They issued a “hold” rating for the company. HC Wainwright lifted their price target on shares of Gold Resource from $1.50 to $1.75 and gave the company a “buy” rating in a research report on Thursday, August 8th.

Gold Resource Company Profile

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.