Gold Resource (NYSE:GORO) Coverage Initiated by Analysts at StockNews.com

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

Gold Resource Stock Performance

Shares of NYSE:GORO opened at $0.24 on Friday. The business’s 50-day simple moving average is $0.18 and its 200 day simple moving average is $0.31. The company has a market cap of $22.64 million, a P/E ratio of -0.48 and a beta of 1.48. Gold Resource has a one year low of $0.12 and a one year high of $0.71.

Gold Resource (NYSE:GORO) last posted its quarterly earnings data 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). The firm had revenue of $13.27 million for the quarter. Gold Resource had a negative net margin of 61.31% and a negative return on equity of 35.25%. Analysts predict that Gold Resource will post -0.38 earnings per share for the current year.

Institutional Trading of Gold Resource

A hedge fund recently raised its stake in Gold Resource stock. Renaissance Technologies LLC boosted its holdings in shares of Gold Resource Co. (NYSE:GORO) by 6.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter. 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.