Gold Resource (NYSE:GORO) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Gold Resource (NYSE:GORO) in a research report released on Tuesday. The firm issued a sell rating on the stock.

Separately, HC Wainwright upped 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 Stock Performance

GORO stock opened at $0.36 on Tuesday. The stock has a market capitalization of $33.98 million, a PE ratio of -0.79 and a beta of 1.44. Gold Resource has a one year low of $0.22 and a one year high of $0.71. The company has a fifty day moving average of $0.36 and a 200-day moving average of $0.43.

Gold Resource (NYSE:GORO) last released its earnings results on Tuesday, August 6th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $20.78 million for the quarter. Gold Resource had a negative return on equity of 27.52% and a negative net margin of 51.93%. Equities analysts forecast that Gold Resource will post -0.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gold Resource

Hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position in Gold Resource by 6.8% during the second quarter. Renaissance Technologies LLC now owns 1,496,390 shares of the company’s stock worth $559,000 after acquiring an additional 95,300 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Gold Resource during the 1st quarter worth $37,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Gold Resource by 14.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,441,384 shares of the company’s stock worth $1,050,000 after purchasing an additional 312,765 shares during the last quarter. Hedge funds and other institutional investors own 18.38% of the company’s stock.

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.