Gold Resource (NYSE:GORO) Releases Earnings Results, Misses Expectations By $0.06 EPS

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

Gold Resource Stock Down 6.0 %

GORO traded down $0.01 during trading on Wednesday, hitting $0.14. The company’s stock had a trading volume of 1,056,511 shares, compared to its average volume of 900,102. The firm has a market cap of $13.18 million, a PE ratio of -0.31 and a beta of 1.50. Gold Resource has a one year low of $0.12 and a one year high of $0.71. The business’s 50 day simple moving average is $0.33 and its 200-day simple moving average is $0.40.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. StockNews.com initiated coverage on shares of Gold Resource in a research report on Friday, November 1st. They issued a “hold” rating for the company. HC Wainwright increased their price target on shares of Gold Resource from $1.50 to $1.75 and gave the stock a “buy” rating in a research note 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.