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

Posted by James Nelson on Jan 7th, 2025

StockNews.com began coverage on shares of Gold Resource (NYSE:GORO – Free Report) in a report released on Saturday morning. The firm issued a hold rating on the stock.

Gold Resource Price Performance

Shares of GORO stock opened at $0.23 on Friday. The stock’s fifty day simple moving average is $0.18 and its 200 day simple moving average is $0.31. Gold Resource has a one year low of $0.12 and a one year high of $0.71. The firm has a market cap of $21.81 million, a price-to-earnings ratio of -0.47 and a beta of 1.48.

Gold Resource (NYSE:GORO – Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $13.27 million for the quarter. On average, research analysts anticipate that Gold Resource will post -0.38 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Gold Resource stock. The Manufacturers Life Insurance Company bought a new position in shares of Gold Resource Co. (NYSE:GORO – Free Report) during the third quarter, according to its most recent filing with the Securities & 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 approximately 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.

Gold Resource Company Profile

(Get Free Report)

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.