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

Equities research analysts at StockNews.com began coverage on shares of Gold Resource (NYSE:GORO) in a research note issued on Friday. The firm set a “sell” rating on the stock.

Separately, HC Wainwright cut their price target on Gold Resource from $1.75 to $1.50 and set a “buy” rating on the stock in a research note on Friday, March 15th.

Gold Resource Stock Performance

Shares of GORO opened at $0.50 on Friday. The firm has a market capitalization of $44.38 million, a price-to-earnings ratio of -2.94 and a beta of 1.61. Gold Resource has a 52 week low of $0.22 and a 52 week high of $0.99.

Gold Resource (NYSE:GORO) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $21.14 million during the quarter. Gold Resource had a negative net margin of 16.39% and a negative return on equity of 15.48%. Analysts forecast that Gold Resource will post -0.06 EPS for the current year.

Institutional Trading of Gold Resource

Several hedge funds have recently added to or reduced their stakes in GORO. Mirae Asset Global Investments Co. Ltd. raised its stake in Gold Resource by 1.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,204,294 shares of the company’s stock worth $943,000 after buying an additional 27,603 shares during the period. PEAK6 Investments LLC raised its stake in Gold Resource by 22.8% during the 3rd quarter. PEAK6 Investments LLC now owns 307,003 shares of the company’s stock worth $131,000 after buying an additional 57,002 shares during the period. Perritt Capital Management Inc. raised its stake in Gold Resource by 200.0% during the 3rd quarter. Perritt Capital Management Inc. now owns 300,000 shares of the company’s stock worth $128,000 after buying an additional 200,000 shares during the period. Finally, Financial & Tax Architects LLC acquired a new stake in Gold Resource during the 4th quarter worth $28,000. Institutional investors and hedge funds 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.