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

Stock analysts at StockNews.com assumed coverage on shares of Gold Resource (NYSE:GORO) in a report issued on Thursday. The firm set a “hold” rating on the stock.

Gold Resource Price Performance

GORO stock opened at $0.17 on Thursday. The company has a market capitalization of $16.11 million, a P/E ratio of -0.34 and a beta of 1.60. Gold Resource has a 12 month low of $0.12 and a 12 month high of $0.71. The firm’s fifty day simple moving average is $0.21 and its 200-day simple moving average is $0.33.

Gold Resource (NYSE:GORO) last posted its quarterly 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 business had revenue of $13.27 million during the quarter. Gold Resource had a negative net margin of 61.31% and a negative return on equity of 35.25%. As a group, sell-side analysts forecast that Gold Resource will post -0.38 earnings per share for the current year.

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 Gold Resource Co. (NYSE:GORO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 315,978 shares of the company’s stock, valued at approximately $110,000. The Manufacturers Life Insurance Company owned approximately 0.33% of Gold Resource as of its most recent filing with the Securities and Exchange Commission (SEC). 18.38% of the stock is owned by institutional investors and hedge funds.

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.