Gold Resource (NYSE:GORO) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Gold Resource (NYSE:GORO) in a research report issued on Sunday. The firm set a “hold” rating on the stock.

Gold Resource Stock Performance

NYSE GORO opened at $0.29 on Friday. The firm has a 50 day simple moving average of $0.19 and a 200-day simple moving average of $0.31. Gold Resource has a one year low of $0.12 and a one year high of $0.71. The firm has a market cap of $27.81 million, a price-to-earnings ratio of -0.60 and a beta of 1.48.

Gold Resource (NYSE:GORO) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) earnings per share (EPS) 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 firm had revenue of $13.27 million during the quarter. Equities analysts predict that Gold Resource will post -0.38 EPS for the current fiscal year.

Institutional Trading of Gold Resource

A hedge fund recently raised its stake in Gold Resource stock. Renaissance Technologies LLC grew its stake in shares of Gold Resource Co. (NYSE:GORO) by 6.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,496,390 shares of the company’s stock after purchasing an additional 95,300 shares during the quarter. Renaissance Technologies LLC owned approximately 1.65% of Gold Resource worth $559,000 as of its most recent filing with the Securities and Exchange Commission. 18.38% of the stock is owned by institutional investors and hedge funds.

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.