Gold Resource (NYSEAMERICAN:GORO) Announces Quarterly Earnings Results

Gold Resource (NYSEAMERICAN:GORO) issued its earnings results on Tuesday. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01), Bloomberg Earnings reports. The business had revenue of $29.37 million during the quarter, compared to analyst estimates of $32.67 million.

Shares of NYSEAMERICAN:GORO traded up $0.03 during trading on Wednesday, reaching $3.70. 2,480,379 shares of the company traded hands, compared to its average volume of 673,144. Gold Resource has a 52-week low of $2.73 and a 52-week high of $6.42.

The business also recently disclosed a dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be paid a dividend of $0.0017 per share. The ex-dividend date is Friday, August 9th.

In other Gold Resource news, Director Kimberly C. Perry bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was bought at an average price of $3.24 per share, for a total transaction of $64,800.00. Following the completion of the acquisition, the director now directly owns 20,000 shares in the company, valued at $64,800. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have bought 25,009 shares of company stock valued at $79,683.

Several analysts have issued reports on the company. Roth Capital initiated coverage on Gold Resource in a research note on Tuesday, June 11th. They issued a “buy” rating and a $6.50 target price for the company. Zacks Investment Research lowered Gold Resource from a “hold” rating to a “sell” rating in a research note on Thursday, July 25th. Finally, HC Wainwright set a $8.00 price objective on Gold Resource and gave the company a “buy” rating in a research note on Friday, July 19th.

Gold Resource Company Profile

Gold Resource Corporation explores for, develops, produces, and sells gold and silver in Mexico and the United States. It also explores for copper, lead, and zinc. The company's flagship property is the Aguila project comprising 18 mining concessions aggregating approximately 25,264 hectares located in the State of Oaxaca, Mexico.

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Earnings History for Gold Resource (NYSEAMERICAN:GORO)

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