Gold Resource (NYSE:GORO) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Gold Resource (NYSE:GORO) in a report issued on Friday. The brokerage set a “hold” rating on the stock.

Gold Resource Trading Up 1.0 %

Gold Resource stock opened at $0.22 on Friday. The business’s 50 day simple moving average is $0.19 and its 200 day simple moving average is $0.32. Gold Resource has a 12 month low of $0.12 and a 12 month high of $0.71. The company has a market cap of $20.97 million, a price-to-earnings ratio of -0.45 and a beta of 1.60.

Gold Resource (NYSE:GORO) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.06). The business had revenue of $13.27 million for the quarter. Gold Resource had a negative net margin of 61.31% and a negative return on equity of 35.25%. As a group, equities research analysts forecast that Gold Resource will post -0.38 earnings per share for the current fiscal year.

Institutional Trading of Gold Resource

A hedge fund recently raised its stake in Gold Resource stock. Renaissance Technologies LLC increased its stake in Gold Resource Co. (NYSE:GORO) by 6.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,496,390 shares of the company’s stock after acquiring an additional 95,300 shares during the period. Renaissance Technologies LLC owned about 1.65% of Gold Resource worth $559,000 as of its most recent SEC filing. 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.