Zacks Downgrades Gold Resource Corp. to Underperform (GORO)
Gold Resource Corp. (NASDAQ:GORO) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Tuesday, Analyst Ratings News reports. They currently have a $4.60 price objective on the stock. Zacks‘ price objective would indicate a potential downside of 4.17% from the company’s current price.
Shares of Gold Resource Corp. (NASDAQ:GORO) traded down 0.42% during mid-day trading on Tuesday, hitting $4.78. 233,337 shares of the company’s stock traded hands. Gold Resource Corp. has a 52 week low of $4.49 and a 52 week high of $15.31. The stock’s 50-day moving average is $4.81 and its 200-day moving average is $6.4. The company has a market cap of $257.1 million and a price-to-earnings ratio of 19.05.
The company also recently declared a monthly dividend, which is scheduled for Thursday, January 23rd. Investors of record on Monday, January 13th will be given a dividend of 0.01 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, January 9th.
Gold Resource Corporation is engaged in the exploration for and production of gold and silver in Mexico.
To view Zacks’ full report, visit www.zacks.com
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