Gold Resource (NYSE:GORO) PT Lowered to $5.25 at HC Wainwright

Gold Resource (NYSE:GOROGet Rating) had its price objective lowered by HC Wainwright from $5.75 to $5.25 in a research note released on Friday, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on the stock. Alliance Global Partners initiated coverage on shares of Gold Resource in a research report on Thursday, July 21st. They issued a buy rating and a $4.25 target price for the company. StockNews.com downgraded shares of Gold Resource from a buy rating to a hold rating in a research report on Friday, July 22nd.

Gold Resource Price Performance

Shares of NYSE GORO opened at $1.71 on Friday. The firm has a 50 day simple moving average of $1.72. Gold Resource has a fifty-two week low of $1.50 and a fifty-two week high of $2.63. The firm has a market capitalization of $151.06 million, a price-to-earnings ratio of 13.15 and a beta of 1.60.

Gold Resource (NYSE:GOROGet Rating) last posted its earnings results on Monday, May 9th. The company reported $0.05 earnings per share for the quarter. The company had revenue of $45.42 million for the quarter. Gold Resource had a net margin of 7.26% and a return on equity of 9.35%. Equities research analysts anticipate that Gold Resource will post 0.15 earnings per share for the current fiscal year.

Gold Resource Company Profile

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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 asset is the 100% owned Back Forty project covering approximately 1,304 hectares located in Menominee county, Michigan.

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