Analysts at StockNews.com initiated coverage on shares of Gold Resource (NYSE:GORO – Get Free Report) in a report issued on Sunday. The firm set a “hold” rating on the stock.
Gold Resource Price Performance
Shares of GORO opened at $0.30 on Friday. The firm has a fifty day moving average price of $0.19 and a 200 day moving average price of $0.31. The stock has a market cap of $28.32 million, a PE ratio of -0.61 and a beta of 1.48. Gold Resource has a 1-year low of $0.12 and a 1-year high of $0.71.
Gold Resource (NYSE:GORO – Get Free Report) last released its quarterly 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 return on equity of 35.25% and a negative net margin of 61.31%. The firm had revenue of $13.27 million for the quarter. As a group, equities analysts expect that Gold Resource will post -0.38 EPS for the current fiscal year.
Institutional Investors Weigh In On Gold Resource
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.
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