Gold Resource (NYSE:GORO) Earns Sell Rating from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Gold Resource (NYSE:GORO) in a research report issued to clients and investors on Monday. The brokerage set a “sell” rating on the stock.

Separately, HC Wainwright lifted their price objective on Gold Resource from $1.50 to $1.75 and gave the stock a “buy” rating in a report on Thursday, August 8th.

Gold Resource Stock Performance

Shares of NYSE GORO opened at $0.35 on Monday. The firm has a market cap of $31.32 million, a P/E ratio of -1.64 and a beta of 1.45. Gold Resource has a 1 year low of $0.22 and a 1 year high of $0.71. The firm’s 50 day moving average price is $0.38 and its 200 day moving average price is $0.44.

Gold Resource (NYSE:GORO) last issued its earnings results on Tuesday, August 6th. The company reported ($0.11) earnings per share (EPS) for the quarter. Gold Resource had a negative net margin of 51.93% and a negative return on equity of 27.52%. The business had revenue of $20.78 million during the quarter. As a group, equities analysts predict that Gold Resource will post -0.38 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in shares of Gold Resource during the 1st quarter worth $37,000. Renaissance Technologies LLC lifted its position in shares of Gold Resource by 6.8% during the second quarter. Renaissance Technologies LLC now owns 1,496,390 shares of the company’s stock worth $559,000 after purchasing an additional 95,300 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Gold Resource by 14.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,441,384 shares of the company’s stock worth $1,050,000 after acquiring an additional 312,765 shares during the period. 18.38% of the stock is currently owned by hedge funds and other institutional investors.

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.