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

Investment analysts at StockNews.com began coverage on shares of Gold Resource (NYSE:GORO) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

Gold Resource Price Performance

Shares of GORO opened at $0.32 on Thursday. Gold Resource has a 1-year low of $0.12 and a 1-year high of $0.71. The stock has a market cap of $30.91 million, a price-to-earnings ratio of -0.66 and a beta of 1.53. The firm has a 50 day simple moving average of $0.28 and a 200-day simple moving average of $0.30.

Institutional Inflows and Outflows

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) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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. 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.