Gold Resource (NYSE:GORO) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Gold Resource (NYSE:GORO) in a research note issued to investors on Sunday. The firm set a “hold” rating on the stock.

Gold Resource Price Performance

Shares of Gold Resource stock opened at $0.29 on Friday. The firm’s fifty day simple moving average is $0.19 and its 200-day simple moving average is $0.31. The stock has a market capitalization of $27.81 million, a price-to-earnings ratio of -0.60 and a beta of 1.48. Gold Resource has a 12 month low of $0.12 and a 12 month high of $0.71.

Gold Resource (NYSE:GORO) last announced its earnings results on Tuesday, November 5th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). The business 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%. Analysts anticipate that Gold Resource will post -0.38 earnings per share for the current year.

Hedge Funds Weigh In On Gold Resource

An institutional investor recently raised its position in Gold Resource stock. Renaissance Technologies LLC raised its position in Gold Resource Co. (NYSE:GORO) by 6.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,496,390 shares of the company’s stock after buying an additional 95,300 shares during the quarter. Renaissance Technologies LLC owned about 1.65% of Gold Resource worth $559,000 as of its most recent filing with the SEC. 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.