StockNews.com began coverage on shares of Gold Resource (NYSE:GORO – Free Report) in a report published on Thursday. The brokerage issued a sell rating on the stock.
Separately, HC Wainwright decreased their target price on Gold Resource from $1.75 to $1.50 and set a buy rating for the company in a research report on Friday, March 15th.
Gold Resource Price Performance
GORO opened at $0.43 on Thursday. The firm’s 50 day simple moving average is $0.46. The company has a market cap of $38.90 million, a price-to-earnings ratio of -2.04 and a beta of 1.46. Gold Resource has a one year low of $0.22 and a one year high of $0.71.
Gold Resource (NYSE:GORO – Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported ($0.05) earnings per share (EPS) for the quarter. Gold Resource had a negative return on equity of 19.21% and a negative net margin of 22.30%. The firm had revenue of $18.70 million during the quarter. On average, analysts anticipate that Gold Resource will post -0.06 earnings per share for the current fiscal year.
Institutional Trading of Gold Resource
Several institutional investors have recently added to or reduced their stakes in the business. Financial & Tax Architects LLC purchased a new stake in Gold Resource during the 4th quarter valued at $28,000. Virtu Financial LLC purchased a new position in shares of Gold Resource in the 1st quarter worth $37,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Gold Resource by 14.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,441,384 shares of the company’s stock worth $1,050,000 after buying an additional 312,765 shares during the last quarter. 18.38% of the stock is currently owned by hedge funds and other institutional investors.
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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