FY2023 EPS Estimates for Gold Resource Co. (NYSEAMERICAN:GORO) Lowered by HC Wainwright

Gold Resource Co. (NYSEAMERICAN:GORO) – Equities research analysts at HC Wainwright reduced their FY2023 earnings per share estimates for Gold Resource in a research report issued on Wednesday, November 8th. HC Wainwright analyst H. Ihle now expects that the basic materials company will post earnings per share of ($0.09) for the year, down from their prior estimate of ($0.03). HC Wainwright currently has a “Buy” rating and a $1.75 price target on the stock. The consensus estimate for Gold Resource’s current full-year earnings is ($0.03) per share.

Separately, StockNews.com started coverage on Gold Resource in a research report on Thursday. They set a “sell” rating on the stock.

Gold Resource Stock Down 8.9 %

Shares of GORO opened at $0.26 on Friday. The stock has a market capitalization of $23.43 million, a P/E ratio of -5.30 and a beta of 1.52. Gold Resource has a fifty-two week low of $0.26 and a fifty-two week high of $1.80.

Institutional Investors Weigh In On Gold Resource

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Gold Resource by 22.6% in the 1st quarter. Vanguard Group Inc. now owns 4,054,741 shares of the basic materials company’s stock worth $9,083,000 after buying an additional 746,896 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Gold Resource by 1.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,204,294 shares of the basic materials company’s stock valued at $943,000 after buying an additional 27,603 shares during the period. Renaissance Technologies LLC lifted its holdings in Gold Resource by 1.8% in the first quarter. Renaissance Technologies LLC now owns 1,514,024 shares of the basic materials company’s stock valued at $1,590,000 after acquiring an additional 26,734 shares during the period. Jane Street Group LLC boosted its holdings in shares of Gold Resource by 1,039.2% in the first quarter. Jane Street Group LLC now owns 636,688 shares of the basic materials company’s stock worth $669,000 after buying an additional 580,797 shares during the last quarter. Finally, Susquehanna International Group LLP grew its position in Gold Resource by 110.5% during the fourth quarter. Susquehanna International Group LLP now owns 347,090 shares of the basic materials company’s stock valued at $531,000 after buying an additional 182,223 shares during the period. Institutional investors own 22.61% 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 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.