Gold Resource Co. (NYSEAMERICAN:GORO) announced a dividend on Wednesday, October 23rd, Fidelity reports. Shareholders of record on Tuesday, November 12th will be given a dividend of 0.0033 per share by the basic materials company on Monday, November 25th. The ex-dividend date of this dividend is Friday, November 8th. This is a positive change from Gold Resource’s previous dividend of $0.0016667.
GORO stock traded up $0.03 during midday trading on Wednesday, reaching $4.38. 13,094 shares of the company were exchanged, compared to its average volume of 739,411. Gold Resource has a 1-year low of $2.73 and a 1-year high of $5.09. The company’s 50-day moving average price is $3.48.
Gold Resource (NYSEAMERICAN:GORO) last released its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). The business had revenue of $40.07 million for the quarter, compared to the consensus estimate of $41.81 million.
A number of equities analysts have recently issued reports on the stock. HC Wainwright set a $7.80 target price on shares of Gold Resource and gave the stock a “buy” rating in a research report on Friday, October 18th. Zacks Investment Research upgraded shares of Gold Resource from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research report on Tuesday.
Gold Resource Company Profile
Gold Resource Corporation explores for, develops, produces, and sells gold and silver in Mexico and the United States. It also explores for copper, lead, and zinc. The company's flagship property is the Aguila project comprising 18 mining concessions aggregating approximately 25,264 hectares located in the State of Oaxaca, Mexico.
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