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

Research analysts at StockNews.com started coverage on shares of Gold Resource (NYSE:GORO) in a note issued to investors on Monday. The firm set a “hold” rating on the stock.

Gold Resource Price Performance

GORO opened at $0.36 on Monday. The company’s 50-day moving average is $0.21 and its 200 day moving average is $0.31. Gold Resource has a fifty-two week low of $0.12 and a fifty-two week high of $0.71. The firm has a market capitalization of $33.95 million, a P/E ratio of -0.73 and a beta of 1.48.

Gold Resource (NYSE:GORO) last announced 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 company had revenue of $13.27 million during the quarter. Gold Resource had a negative return on equity of 35.25% and a negative net margin of 61.31%. On average, equities research analysts expect that Gold Resource will post -0.38 earnings per share for the current year.

Hedge Funds Weigh In On Gold Resource

A hedge fund recently bought a new stake in Gold Resource stock. The Manufacturers Life Insurance Company acquired a new stake in shares of Gold Resource Co. (NYSE:GORO) in the 3rd quarter, according to the company in its most recent disclosure 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 approximately 0.33% of Gold Resource at the end of the most recent quarter. Institutional investors 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.