Gold Resource (NYSE:GORO) Announces Quarterly Earnings Results

Gold Resource (NYSE:GORO) posted its earnings results on Tuesday. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.06), Zacks reports. The business had revenue of $13.27 million for the quarter. Gold Resource had a negative return on equity of 27.52% and a negative net margin of 51.93%.

Gold Resource Stock Down 5.9 %

NYSE GORO traded down $0.01 during trading hours on Wednesday, reaching $0.14. 987,457 shares of the company were exchanged, compared to its average volume of 899,781. The business’s 50 day simple moving average is $0.33 and its 200-day simple moving average is $0.40. Gold Resource has a 1 year low of $0.12 and a 1 year high of $0.71. The stock has a market capitalization of $13.20 million, a P/E ratio of -0.32 and a beta of 1.50.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GORO shares. HC Wainwright lifted their target price on Gold Resource from $1.50 to $1.75 and gave the stock a “buy” rating in a report on Thursday, August 8th. StockNews.com started coverage on Gold Resource in a research note on Friday, November 1st. They set a “hold” rating on the 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.