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

Equities researchers at StockNews.com assumed 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 reduced their price objective on shares of 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 Trading Up 6.4 %

Shares of Gold Resource stock opened at $0.50 on Friday. Gold Resource has a twelve month low of $0.22 and a twelve month high of $0.99. The firm has a market capitalization of $44.38 million, a P/E ratio of -2.94 and a beta of 1.61.

Gold Resource (NYSE:GORO) last issued its quarterly earnings data on Wednesday, March 13th. The company reported ($0.03) earnings per share for the quarter. Gold Resource had a negative return on equity of 15.48% and a negative net margin of 16.39%. The business had revenue of $21.14 million during the quarter. As a group, sell-side analysts predict that Gold Resource will post -0.06 earnings per share for the current fiscal year.

Institutional Trading of Gold Resource

A number of institutional investors have recently bought and sold shares of GORO. Mirae Asset Global Investments Co. Ltd. boosted its position in Gold Resource by 1.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,204,294 shares of the company’s stock valued at $943,000 after acquiring an additional 27,603 shares during the last quarter. PEAK6 Investments LLC boosted its position in Gold Resource by 22.8% during the third quarter. PEAK6 Investments LLC now owns 307,003 shares of the company’s stock valued at $131,000 after acquiring an additional 57,002 shares during the last quarter. Perritt Capital Management Inc. boosted its position in Gold Resource by 200.0% during the third quarter. Perritt Capital Management Inc. now owns 300,000 shares of the company’s stock valued at $128,000 after acquiring an additional 200,000 shares during the last quarter. Finally, Financial & Tax Architects LLC bought a new stake in Gold Resource during the fourth quarter valued at $28,000. Institutional investors 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.