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

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

Gold Resource Price Performance

NYSE GORO opened at $0.39 on Tuesday. The firm has a market capitalization of $37.52 million, a price-to-earnings ratio of -0.80 and a beta of 1.48. The company has a 50 day simple moving average of $0.24 and a 200-day simple moving average of $0.31. Gold Resource has a 52-week low of $0.12 and a 52-week high of $0.71.

Gold Resource (NYSE:GORO) last issued its 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 company had revenue of $13.27 million for the quarter. On average, analysts predict that Gold Resource will post -0.38 EPS for the current year.

Institutional Investors 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) during the 3rd quarter, according to the company in its most recent disclosure 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 approximately 0.33% of Gold Resource as of its most recent filing with the Securities & Exchange Commission. 18.38% of the stock is currently owned by 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.