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

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

Gold Resource Stock Performance

Shares of GORO opened at $0.36 on Monday. The firm has a market cap of $33.95 million, a price-to-earnings ratio of -0.73 and a beta of 1.48. Gold Resource has a fifty-two week low of $0.12 and a fifty-two week high of $0.71. The firm has a 50 day moving average price of $0.21 and a 200-day moving average price of $0.31.

Gold Resource (NYSE:GORO) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). Gold Resource had a negative return on equity of 35.25% and a negative net margin of 61.31%. The business had revenue of $13.27 million during the quarter. As a group, equities research analysts predict that Gold Resource will post -0.38 earnings per share for the current year.

Institutional Trading of Gold Resource

An institutional investor recently bought a new position in Gold Resource stock. The Manufacturers Life Insurance Company bought a new position in Gold Resource Co. (NYSE:GORO) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 315,978 shares of the company’s stock, valued at approximately $110,000. The Manufacturers Life Insurance Company owned 0.33% of Gold Resource at the end of the most recent reporting period. 18.38% of the stock is currently owned by hedge funds and other institutional investors.

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.