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

StockNews.com assumed coverage on shares of Gold Resource (NYSE:GORO) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the stock.

Gold Resource Price Performance

Shares of GORO opened at $0.25 on Thursday. Gold Resource has a 12-month low of $0.12 and a 12-month high of $0.71. The stock has a market capitalization of $23.64 million, a P/E ratio of -0.51 and a beta of 1.60. The firm’s 50 day moving average is $0.21 and its 200-day moving average is $0.33.

Gold Resource (NYSE:GORO) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.06). The company 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%. As a group, equities research analysts forecast that Gold Resource will post -0.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Gold Resource stock. The Manufacturers Life Insurance Company acquired a new position in Gold Resource Co. (NYSE:GORO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 315,978 shares of the company’s stock, valued at approximately $110,000. The Manufacturers Life Insurance Company owned about 0.33% of Gold Resource as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors 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.