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

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

Gold Resource Trading Down 1.6 %

NYSE GORO traded down $0.00 on Friday, reaching $0.16. The company’s stock had a trading volume of 687,853 shares, compared to its average volume of 916,217. Gold Resource has a 52 week low of $0.12 and a 52 week high of $0.71. The firm has a market cap of $14.75 million, a PE ratio of -0.35 and a beta of 1.50. The business has a 50-day moving average price of $0.32 and a 200 day moving average price of $0.40.

Wall Street Analyst Weigh In

A number of analysts have commented on GORO shares. StockNews.com initiated coverage on Gold Resource in a research report on Friday, November 1st. They issued a “hold” rating for the company. HC Wainwright raised their target price on Gold Resource from $1.50 to $1.75 and gave the stock a “buy” rating in a research report 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.