Gold Resource (NYSE:GORO) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Gold Resource (NYSE:GORO) in a research note published on Saturday. The firm issued a sell rating on the stock.

Separately, HC Wainwright lifted their price objective on shares of Gold Resource from $1.50 to $1.75 and gave the company a buy rating in a research report on Thursday, August 8th.

Gold Resource Stock Down 1.6 %

NYSE GORO opened at $0.36 on Friday. The stock has a market cap of $32.81 million, a price-to-earnings ratio of -1.75 and a beta of 1.45. The company’s 50-day simple moving average is $0.40. Gold Resource has a 52 week low of $0.22 and a 52 week high of $0.71.

Gold Resource (NYSE:GORO) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $20.78 million for the quarter. Gold Resource had a negative net margin of 51.93% and a negative return on equity of 27.52%. As a group, analysts forecast that Gold Resource will post -0.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Gold Resource

Institutional investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in Gold Resource during the 1st quarter valued at $37,000. Renaissance Technologies LLC boosted its holdings in Gold Resource by 6.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,496,390 shares of the company’s stock valued at $559,000 after acquiring an additional 95,300 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Gold Resource by 14.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,441,384 shares of the company’s stock valued at $1,050,000 after acquiring an additional 312,765 shares during the period. 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.