HC Wainwright raises its price target on Gold Resources (NYSE:GORO) to $1.75

Gold Resource (NYSE:GORO – Free Report) Its price objective was raised by HC Wainwright from $1.50 to $1.75 in a research report sent to investors on Thursday morning, Benzinga reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for Gold Resource’s FY2025 earnings at ($0.04) EPS.

Separately, StockNews.com began coverage on Gold Resource in a research note on Monday, August 5th. They issued a sell rating on the stock.

Check out our latest analysis on GORO

Gold resource price performance

Shares of Gold Resource stock opened at $0.37 on Thursday. Gold Resource has a 12 month low of $0.22 and a 12 month high of $0.71. The stock has a market cap of $33.59 million, a price-to-earnings ratio of -1.76 and a beta of 1.45. The company has a 50-day moving average of $0.43.

Hedge funds influence gold resources

Hedge funds and other institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Gold Resource by 14.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,441,384 shares of the company’s stock valued at $1,050,000 after acquiring an additional 312,765 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Gold Resource by 6.8% in the second quarter. Renaissance Technologies LLC now owns 1,496,390 shares of the company’s stock valued at $559,000 after buying an additional 95,300 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Gold Resource in the first quarter valued at approximately $37,000. 18.38% of the shares are held by hedge funds and other institutional investors.

Gold Resource Company Profile

(Get a 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 copper, lead and zinc deposits. Its principal assets are the 100% owned Don David gold mine and the Back Forty project, covering approximately 1,304 hectares, located in Menominee County, Michigan.

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