StockNews.com assumed coverage on shares of Gold Resource (NYSE:GORO – Get Free Report) in a note issued to investors on Saturday. The firm set a “sell” rating on the stock.
Gold Resource Price Performance
Shares of GORO opened at $0.46 on Friday. The company has a market capitalization of $41.40 million, a PE ratio of -2.17 and a beta of 1.46. The stock’s fifty day moving average price is $0.46. Gold Resource has a 12-month low of $0.22 and a 12-month high of $0.71.
Gold Resource (NYSE:GORO – Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.05) earnings per share for the quarter. Gold Resource had a negative net margin of 22.30% and a negative return on equity of 19.21%. The business had revenue of $18.70 million for the quarter. Sell-side analysts predict that Gold Resource will post -0.06 EPS for the current year.
Institutional Trading of Gold Resource
Several hedge funds have recently added to or reduced their stakes in GORO. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Gold Resource by 14.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,441,384 shares of the company’s stock valued at $1,050,000 after acquiring an additional 312,765 shares in the last quarter. Virtu Financial LLC acquired a new stake in Gold Resource in the first quarter worth approximately $37,000. Finally, Financial & Tax Architects LLC bought a new position in Gold Resource during the 4th quarter valued at $28,000. Institutional investors own 18.38% of the company’s stock.
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.
See Also
Receive News & Ratings for Gold Resource Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Gold Resource and related companies with MarketBeat.com’s FREE daily email newsletter.