Stock analysts at StockNews.com started coverage on shares of Gold Resource (NYSEAMERICAN:GORO – Get Free Report) in a research report issued on Wednesday. The brokerage set a “sell” rating on the basic materials company’s stock.
Separately, HC Wainwright cut their price target on Gold Resource from $3.25 to $1.75 and set a “buy” rating on the stock in a report on Tuesday, November 7th.
Gold Resource Price Performance
Gold Resource (NYSEAMERICAN:GORO – Get Free Report) last issued its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.05 EPS for the quarter. Gold Resource had a negative return on equity of 15.15% and a negative net margin of 14.91%. The firm had revenue of $45.42 million during the quarter. Equities analysts predict that Gold Resource will post -0.09 earnings per share for the current year.
Institutional Trading of Gold Resource
Several hedge funds have recently made changes to their positions in GORO. Financial & Tax Architects LLC acquired a new stake in Gold Resource in the 4th quarter valued at approximately $28,000. Perritt Capital Management Inc. boosted its stake in shares of Gold Resource by 200.0% during the 3rd quarter. Perritt Capital Management Inc. now owns 300,000 shares of the basic materials company’s stock worth $128,000 after acquiring an additional 200,000 shares in the last quarter. PEAK6 Investments LLC boosted its stake in shares of Gold Resource by 22.8% during the 3rd quarter. PEAK6 Investments LLC now owns 307,003 shares of the basic materials company’s stock worth $131,000 after acquiring an additional 57,002 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Gold Resource by 1.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,204,294 shares of the basic materials company’s stock worth $943,000 after buying an additional 27,603 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Gold Resource by 29.7% in the second quarter. Goldman Sachs Group Inc. now owns 172,619 shares of the basic materials company’s stock worth $109,000 after buying an additional 39,504 shares during the period. Institutional investors own 22.61% 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 explores for copper, lead, and zinc deposits. Its principal asset is the 100% owned Back Forty project covering approximately 1,304 hectares located in Menominee county, Michigan.
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