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

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

Gold Resource Stock Performance

Shares of GORO stock opened at $0.17 on Wednesday. Gold Resource has a 52 week low of $0.12 and a 52 week high of $0.71. The company has a market capitalization of $16.51 million, a price-to-earnings ratio of -0.35 and a beta of 1.60. The company has a 50-day simple moving average of $0.23 and a 200 day simple moving average of $0.35.

Gold Resource (NYSE:GORO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates 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%. Sell-side analysts forecast that Gold Resource will post -0.38 EPS for the current year.

Institutional Trading of Gold Resource

An institutional investor recently raised its position in Gold Resource stock. Renaissance Technologies LLC boosted its holdings in shares of Gold Resource Co. (NYSE:GORO) by 6.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,496,390 shares of the company’s stock after purchasing an additional 95,300 shares during the period. Renaissance Technologies LLC owned about 1.65% of Gold Resource worth $559,000 at the end of the most recent quarter. 18.38% of the stock is currently owned by institutional investors and hedge funds.

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.