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

Posted by ABMN Staff on Jan 5th, 2025

StockNews.com initiated coverage on shares of Gold Resource (NYSE:GORO – Free Report) in a research note released on Saturday morning. The brokerage issued a hold rating on the stock.

Gold Resource Stock Up 7.0 %

Shares of NYSE:GORO opened at $0.24 on Friday. The firm has a market cap of $22.64 million, a price-to-earnings ratio of -0.48 and a beta of 1.48. Gold Resource has a 12 month low of $0.12 and a 12 month high of $0.71. The company’s fifty day simple moving average is $0.18 and its 200 day simple moving average is $0.31.

Gold Resource (NYSE:GORO – Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.06). The firm 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%. Research analysts expect that Gold Resource will post -0.38 earnings per share for the current fiscal year.

Institutional Trading of Gold Resource

An institutional investor recently raised its position in Gold Resource stock. Renaissance Technologies LLC raised its holdings in Gold Resource Co. (NYSE:GORO – Free Report) by 6.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,496,390 shares of the company’s stock after buying an additional 95,300 shares during the period. Renaissance Technologies LLC owned 1.65% of Gold Resource worth $559,000 at the end of the most recent reporting period. 18.38% of the stock is currently owned by institutional investors and hedge funds.

Gold Resource Company Profile

(Get Free Report)

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.