Gold Resource (NYSE:GORO) Earns Hold Rating from Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Gold Resource (NYSE:GORO) in a report released on Thursday. The firm set a “hold” rating on the stock.

Gold Resource Stock Up 0.6 %

Shares of GORO opened at $0.17 on Thursday. The company has a 50 day moving average of $0.21 and a two-hundred day moving average of $0.33. The company has a market cap of $16.11 million, a price-to-earnings ratio of -0.34 and a beta of 1.60. Gold Resource has a twelve month low of $0.12 and a twelve month high of $0.71.

Gold Resource (NYSE:GORO) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). Gold Resource had a negative return on equity of 35.25% and a negative net margin of 61.31%. The business had revenue of $13.27 million during the quarter. On average, sell-side analysts expect that Gold Resource will post -0.38 EPS for the current year.

Institutional Trading of Gold Resource

An institutional investor recently bought a new position in Gold Resource stock. The Manufacturers Life Insurance Company acquired a new stake in shares of Gold Resource Co. (NYSE:GORO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 315,978 shares of the company’s stock, valued at approximately $110,000. The Manufacturers Life Insurance Company owned about 0.33% of Gold Resource at the end of the most recent reporting period. Hedge funds and other institutional investors own 18.38% of the company’s stock.

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.