StockNews.com began coverage on shares of Gold Resource (NYSE:GORO – Free Report) in a report released on Monday. The firm issued a hold rating on the stock.
Gold Resource Price Performance
Shares of Gold Resource stock opened at $0.42 on Monday. Gold Resource has a 1-year low of $0.12 and a 1-year high of $0.71. The business’s fifty day moving average price is $0.22 and its two-hundred day moving average price is $0.31. The company has a market capitalization of $40.03 million, a P/E ratio of -0.86 and a beta of 1.48.
Gold Resource (NYSE:GORO – Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). Gold Resource had a negative net margin of 61.31% and a negative return on equity of 35.25%. The business had revenue of $13.27 million for the quarter. On average, research analysts expect that Gold Resource will post -0.38 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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.
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