Gold Resource (NYSE:GORO) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Gold Resource (NYSE:GORO) released its earnings results on Tuesday. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06), Zacks reports. Gold Resource had a negative return on equity of 27.52% and a negative net margin of 51.93%. The firm had revenue of $13.27 million for the quarter.

Gold Resource Stock Performance

GORO stock traded down $0.00 during midday trading on Friday, reaching $0.16. 749,530 shares of the company were exchanged, compared to its average volume of 916,502. Gold Resource has a 1-year low of $0.12 and a 1-year high of $0.71. The stock’s 50-day simple moving average is $0.32 and its 200 day simple moving average is $0.40. The company has a market cap of $14.76 million, a price-to-earnings ratio of -0.35 and a beta of 1.50.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Gold Resource in a research note on Friday, November 1st. They set a “hold” rating on the stock. HC Wainwright upped their target price on shares of Gold Resource from $1.50 to $1.75 and gave the stock a “buy” rating in a research note on Thursday, August 8th.

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.