Gold Resource (NYSE:GORO) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Gold Resource (NYSE:GORO) in a research report report published on Sunday. The brokerage issued a hold rating on the stock.

Gold Resource Trading Down 1.0 %

NYSE GORO opened at $0.29 on Friday. Gold Resource has a 1 year low of $0.12 and a 1 year high of $0.71. The stock’s 50-day moving average price is $0.19 and its two-hundred day moving average price is $0.31. The company has a market cap of $28.04 million, a PE ratio of -0.60 and a beta of 1.48.

Gold Resource (NYSE:GORO) last released its quarterly earnings results 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). Gold Resource had a negative net margin of 61.31% and a negative return on equity of 35.25%. The firm had revenue of $13.27 million for the quarter. Research analysts forecast that Gold Resource will post -0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Gold Resource

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 Form 13F filing with the Securities & Exchange Commission. The firm 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 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.