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

Stock analysts at StockNews.com started coverage on shares of Gold Resource (NYSE:GORO) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the stock.

Gold Resource Trading Up 7.0 %

GORO stock opened at $0.24 on Friday. The business has a 50 day simple moving average of $0.18 and a 200-day simple moving average of $0.31. The company has a market capitalization of $22.64 million, a P/E ratio of -0.48 and a beta of 1.48. Gold Resource has a twelve month low of $0.12 and a twelve month high of $0.71.

Gold Resource (NYSE:GORO) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.06). The company had revenue of $13.27 million for the quarter. Gold Resource had a negative net margin of 61.31% and a negative return on equity of 35.25%. Research analysts predict that Gold Resource will post -0.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Gold Resource stock. The Manufacturers Life Insurance Company purchased a new stake in Gold Resource Co. (NYSE:GORO) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 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 filing with the SEC. 18.38% of the stock is currently owned by 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.