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

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

Gold Resource Stock Up 15.7 %

NYSE GORO opened at $0.35 on Wednesday. Gold Resource has a twelve month low of $0.12 and a twelve month high of $0.71. The business has a 50-day moving average price of $0.27 and a 200-day moving average price of $0.30. The firm has a market cap of $33.39 million, a price-to-earnings ratio of -0.71 and a beta of 1.53.

Gold Resource (NYSE:GORO) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate 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. Research analysts expect that Gold Resource will post -0.38 EPS for the current fiscal year.

Institutional Trading of Gold Resource

An institutional investor recently raised its position in Gold Resource stock. Renaissance Technologies LLC boosted its stake in shares of Gold Resource Co. (NYSE:GORO) by 6.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,496,390 shares of the company’s stock after acquiring an additional 95,300 shares during the quarter. Renaissance Technologies LLC owned about 1.65% of Gold Resource worth $559,000 as of its most recent SEC filing. 18.38% of the stock is owned by institutional investors and hedge funds.

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.