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

StockNews.com started coverage on shares of Gold Resource (NYSE:GORO) in a research report report published on Friday morning. The firm issued a sell rating on the stock.

Separately, HC Wainwright decreased their price target on shares of Gold Resource from $1.75 to $1.50 and set a buy rating for the company in a research note on Friday, March 15th.

Gold Resource Stock Performance

Shares of Gold Resource stock opened at $0.51 on Friday. Gold Resource has a 12-month low of $0.22 and a 12-month high of $0.99.

Gold Resource (NYSE:GORO) last issued its earnings results on Wednesday, March 13th. The company reported ($0.03) earnings per share (EPS) for the quarter. Gold Resource had a negative net margin of 16.39% and a negative return on equity of 15.48%. The company had revenue of $21.14 million during the quarter. As a group, analysts anticipate that Gold Resource will post -0.06 EPS for the current year.

Institutional Trading of Gold Resource

A number of large investors have recently bought and sold shares of the business. Financial & Tax Architects LLC purchased a new position in Gold Resource during the 4th quarter worth $28,000. Perritt Capital Management Inc. raised its position in Gold Resource by 200.0% during the 3rd quarter. Perritt Capital Management Inc. now owns 300,000 shares of the company’s stock worth $128,000 after buying an additional 200,000 shares during the last quarter. PEAK6 Investments LLC raised its position in Gold Resource by 22.8% during the 3rd quarter. PEAK6 Investments LLC now owns 307,003 shares of the company’s stock worth $131,000 after buying an additional 57,002 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Gold Resource by 1.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,204,294 shares of the company’s stock worth $943,000 after buying an additional 27,603 shares during the last quarter. Institutional investors and hedge funds own 18.38% of the company’s stock.

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.