StockNews.com assumed coverage on shares of Gold Resource (NYSE:GORO – Free Report) in a research report released on Friday morning. The brokerage issued a sell rating on the stock.
Separately, HC Wainwright decreased their target price on Gold Resource from $1.75 to $1.50 and set a buy rating for the company in a research report on Friday, March 15th.
Check Out Our Latest Research Report on GORO
Gold Resource Trading Up 1.6 %
Gold Resource (NYSE:GORO – Get Free Report) last issued its earnings results on Wednesday, March 13th. The company reported ($0.03) EPS for the quarter. Gold Resource had a negative net margin of 16.39% and a negative return on equity of 15.48%. The firm had revenue of $21.14 million during the quarter. As a group, equities analysts anticipate that Gold Resource will post -0.06 EPS for the current fiscal year.
Hedge Funds Weigh In On Gold Resource
Hedge funds and other institutional investors have recently modified their holdings of the business. Financial & Tax Architects LLC purchased a new position in Gold Resource in the fourth quarter valued at approximately $28,000. Perritt Capital Management Inc. lifted its position in shares of Gold Resource by 200.0% during the third quarter. Perritt Capital Management Inc. now owns 300,000 shares of the company’s stock worth $128,000 after acquiring an additional 200,000 shares in the last quarter. PEAK6 Investments LLC lifted its position in shares of Gold Resource by 22.8% during the third quarter. PEAK6 Investments LLC now owns 307,003 shares of the company’s stock worth $131,000 after acquiring an additional 57,002 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Gold Resource by 1.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,204,294 shares of the company’s stock worth $943,000 after acquiring an additional 27,603 shares in the last 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.
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