Gold Resource (NYSE:GORO) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Gold Resource (NYSE:GOROFree 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:GOROGet 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

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:GOROFree Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 315,978 shares of the company’s stock, valued at approximately $110,000. The Manufacturers Life Insurance Company owned 0.33% of Gold Resource at the end of the most recent quarter. 18.38% of the stock is owned by hedge funds and other institutional investors.

Gold Resource Company Profile

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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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