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

StockNews.com assumed coverage on shares of Gold Resource (NYSE:GORO) in a report published on Monday. The firm issued a hold rating on the stock.

Separately, HC Wainwright lifted their price target on shares of Gold Resource from $1.50 to $1.75 and gave the stock a “buy” rating in a research note on Thursday, August 8th.

Gold Resource Stock Performance

Shares of GORO stock opened at $0.15 on Monday. The stock has a market capitalization of $14.58 million, a P/E ratio of -0.31 and a beta of 1.50. Gold Resource has a fifty-two week low of $0.12 and a fifty-two week high of $0.71. The company has a 50 day moving average price of $0.27 and a 200 day moving average price of $0.37.

Gold Resource (NYSE:GORO) last released its earnings results 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 for the quarter. Gold Resource had a negative return on equity of 35.25% and a negative net margin of 61.31%. On average, research analysts forecast that Gold Resource will post -0.38 EPS for the current fiscal year.

Institutional Trading of Gold Resource

Hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in Gold Resource during the first quarter worth approximately $37,000. The Manufacturers Life Insurance Company purchased a new position in shares of Gold Resource in the 3rd quarter valued at $110,000. Finally, Renaissance Technologies LLC raised its stake in Gold Resource by 6.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,496,390 shares of the company’s stock worth $559,000 after acquiring an additional 95,300 shares in the last quarter. 18.38% of the stock is currently 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.