Gold Resource Upgraded to “Hold” by TheStreet (GORO)
The analysts wrote, “Gold Resource (AMEX:GORO) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.”
A number of other analysts have also recently weighed in on GORO. Analysts at Zacks upgraded shares of Gold Resource from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 22nd. They now have a $4.60 price target on the stock.
Shares of Gold Resource (NASDAQ:GORO) traded up 3.62% during mid-day trading on Thursday, hitting $5.15. 628,483 shares of the company’s stock traded hands. Gold Resource has a 52-week low of $3.52 and a 52-week high of $9.77. The stock’s 50-day moving average is $4.32 and its 200-day moving average is $4.80. The company’s market cap is $279.0 million.
Gold Resource (NASDAQ:GORO) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.08. On average, analysts predict that Gold Resource will post $0.60 earnings per share for the current fiscal year.
The company also recently declared a monthly dividend, which is scheduled for Monday, June 23rd. Investors of record on Wednesday, June 11th will be given a dividend of $0.01 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Monday, June 9th.
Gold Resource Corporation is engaged in the exploration for and production of gold and silver in Mexico.
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