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

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

Separately, HC Wainwright upped their price target on shares of Gold Resource from $1.50 to $1.75 and gave the company a buy rating in a research report on Thursday, August 8th.

Gold Resource Stock Performance

Shares of Gold Resource stock opened at $0.35 on Tuesday. The company has a fifty day simple moving average of $0.36 and a 200-day simple moving average of $0.43. Gold Resource has a 12-month low of $0.22 and a 12-month high of $0.71.

Gold Resource (NYSE:GORO) last issued its earnings results on Tuesday, August 6th. The company reported ($0.11) earnings per share (EPS) for the quarter. Gold Resource had a negative net margin of 51.93% and a negative return on equity of 27.52%. The company had revenue of $20.78 million during the quarter. Equities research analysts forecast that Gold Resource will post -0.38 earnings per share for the current year.

Institutional Trading of Gold Resource

Several institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in Gold Resource during the 1st quarter worth $37,000. Renaissance Technologies LLC raised its position in Gold Resource by 6.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,496,390 shares of the company’s stock worth $559,000 after buying an additional 95,300 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Gold Resource by 14.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,441,384 shares of the company’s stock worth $1,050,000 after buying an additional 312,765 shares during the last quarter. Hedge funds and other institutional investors own 18.38% of the company’s stock.

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.