Gold Resource (NYSE:GORO) Issues Earnings Results

Gold Resource (NYSE:GORO) released its quarterly earnings results on Tuesday. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.06), Zacks reports. Gold Resource had a negative return on equity of 27.52% and a negative net margin of 51.93%. The business had revenue of $13.27 million during the quarter.

Gold Resource Price Performance

Shares of GORO stock opened at $0.15 on Thursday. Gold Resource has a one year low of $0.12 and a one year high of $0.71. The company’s fifty day moving average price is $0.32 and its 200-day moving average price is $0.40. The company has a market capitalization of $13.79 million, a price-to-earnings ratio of -0.32 and a beta of 1.50.

Analyst Ratings Changes

Several equities research analysts have recently commented on GORO shares. StockNews.com initiated coverage on Gold Resource in a research note on Friday, November 1st. They issued a “hold” rating for the company. HC Wainwright raised their price objective on Gold Resource from $1.50 to $1.75 and gave the stock a “buy” rating in a research note on Thursday, August 8th.

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.