Gold Resource (NYSE:GORO) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Gold Resource (NYSE:GORO) in a research note released on Wednesday morning. The brokerage issued a hold rating on the stock.

Gold Resource Trading Down 4.4 %

Gold Resource stock opened at $0.32 on Wednesday. The company has a market capitalization of $30.83 million, a price-to-earnings ratio of -0.66 and a beta of 1.53. Gold Resource has a 12 month low of $0.12 and a 12 month high of $0.71. The stock’s 50 day moving average is $0.27 and its 200-day moving average is $0.30.

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

Institutional Trading of Gold Resource

An institutional investor recently bought a new position in Gold Resource stock. The Manufacturers Life Insurance Company purchased a new stake in Gold Resource Co. (NYSE:GORO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 315,978 shares of the company’s stock, valued at approximately $110,000. The Manufacturers Life Insurance Company owned approximately 0.33% of Gold Resource at the end of the most recent quarter. Institutional investors own 18.38% of the company’s stock.

About Gold Resource

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.