StockNews.com Begins Coverage on Gold Resource (NYSE:GORO)

Analysts at StockNews.com initiated coverage on shares of Gold Resource (NYSE:GOROGet 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:GOROGet 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

An institutional investor recently bought a new position in Gold Resource stock. The Manufacturers Life Insurance Company acquired a new stake in shares of Gold Resource Co. (NYSE:GOROFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities and 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 about 0.33% of Gold Resource as of its most recent SEC filing. Institutional investors own 18.38% of the company’s stock.

About Gold Resource

(Get Free Report)

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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