Gold Resource Shares Gap Up After Dividend Announcement (GORO)
Gold Resource (NASDAQ:GORO)’s share price gapped up prior to trading on Tuesday following a dividend announcement from the company, American Banking News reports. The stock had previously closed at $5.97, but opened at $5.98. Gold Resource shares last traded at $6.07, with a volume of 224,509 shares traded.
The newly announced dividend is scheduled for Tuesday, September 23rd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.01 per share.
Separately, analysts at TheStreet upgraded shares of Gold Resource from a “sell” rating to a “hold” rating in a research note on Thursday, June 19th.
The stock has a 50-day moving average of $5.43 and a 200-day moving average of $4.9. The company has a market cap of $335.4 million and a P/E ratio of 37.61.
Gold Resource (NASDAQ:GORO) last announced its earnings results on Monday, August 11th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.15 by $0.01. Analysts expect that Gold Resource will post $0.60 EPS for the current fiscal year.
Gold Resource Corporation is engaged in the exploration for and production of gold and silver in Mexico.
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