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

Research analysts at StockNews.com started coverage on shares of Gold Resource (NYSE:GORO) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the stock.

Gold Resource Trading Down 3.4 %

NYSE GORO opened at $0.38 on Tuesday. Gold Resource has a 52 week low of $0.12 and a 52 week high of $0.71. The stock has a market cap of $36.26 million, a price-to-earnings ratio of -0.78 and a beta of 1.48. The company has a 50-day moving average price of $0.25 and a two-hundred day moving average price of $0.31.

Gold Resource (NYSE:GORO) last posted its earnings results on Tuesday, November 5th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.06). Gold Resource had a negative return on equity of 35.25% and a negative net margin of 61.31%. The firm had revenue of $13.27 million during the quarter. As a group, equities research analysts expect that Gold Resource will post -0.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Gold Resource stock. The Manufacturers Life Insurance Company bought a new position in Gold Resource Co. (NYSE:GORO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 315,978 shares of the company’s stock, valued at approximately $110,000. The Manufacturers Life Insurance Company owned about 0.33% of Gold Resource at the end of the most recent quarter. Hedge funds and other institutional investors own 18.38% of the company’s stock.

About Gold Resource

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.