Gold Resource Co. (NYSE:GORO - Free Report) - Stock analysts at HC Wainwright dropped their FY2025 earnings estimates for Gold Resource in a note issued to investors on Tuesday, June 10th. HC Wainwright analyst H. Ihle now expects that the company will post earnings of ($0.12) per share for the year, down from their prior forecast of ($0.06). HC Wainwright has a "Buy" rating and a $1.25 price objective on the stock. The consensus estimate for Gold Resource's current full-year earnings is ($0.38) per share.
Separately, Wall Street Zen assumed coverage on shares of Gold Resource in a research report on Sunday, May 4th. They set a "sell" rating for the company.
Check Out Our Latest Research Report on GORO
Gold Resource Stock Performance
Shares of GORO stock traded down $0.01 during trading hours on Thursday, reaching $0.63. The company had a trading volume of 479,349 shares, compared to its average volume of 1,865,614. The business has a fifty day moving average price of $0.53 and a 200-day moving average price of $0.41. Gold Resource has a one year low of $0.12 and a one year high of $0.74. The firm has a market cap of $86.14 million, a PE ratio of -1.29 and a beta of 0.76.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Gold Resource by 61.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,325,501 shares of the company's stock valued at $1,185,000 after buying an additional 881,701 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Gold Resource during the 4th quarter valued at approximately $119,000. Jane Street Group LLC lifted its position in Gold Resource by 165.2% during the first quarter. Jane Street Group LLC now owns 474,468 shares of the company's stock valued at $242,000 after purchasing an additional 295,565 shares during the last quarter. Shay Capital LLC grew its stake in shares of Gold Resource by 114.1% in the 4th quarter. Shay Capital LLC now owns 251,550 shares of the company's stock worth $58,000 after buying an additional 134,077 shares in the last quarter. Finally, XTX Topco Ltd grew its stake in shares of Gold Resource by 36.7% in the 1st quarter. XTX Topco Ltd now owns 109,984 shares of the company's stock worth $56,000 after buying an additional 29,543 shares in the last quarter. Hedge funds and other institutional investors own 18.38% of the company's stock.
About Gold Resource
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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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