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 note issued to investors on Sunday morning. The brokerage issued a hold rating on the stock.

Gold Resource Stock Down 1.0 %

NYSE:GORO opened at $0.29 on Friday. The company’s 50 day moving average is $0.19 and its 200-day moving average is $0.31. The firm has a market cap of $28.04 million, a price-to-earnings ratio of -0.60 and a beta of 1.48. Gold Resource has a 12 month low of $0.12 and a 12 month high of $0.71.

Gold Resource (NYSE:GORO) last released its earnings results 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). The firm had revenue of $13.27 million for the quarter. Gold Resource had a negative return on equity of 35.25% and a negative net margin of 61.31%. Research analysts predict that Gold Resource will post -0.38 EPS for the current fiscal year.

Institutional Trading of Gold Resource

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 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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 quarter. 18.38% of the stock is owned by institutional investors and hedge funds.

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.