Gold Resource (NASDAQ:GORO) announced a monthly dividend on Monday, March 2nd, Analyst Ratings Net reports. Stockholders of record on Wednesday, March 11th will be paid a dividend of 0.01 per share on Monday, March 23rd. This represents a $0.12 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Monday, March 9th.
On the ratings front, analysts at Zacks upgraded shares of Gold Resource from an “underperform” rating to a “neutral” rating and set a $3.50 price target on the stock in a research note on Monday, January 12th.
Shares of Gold Resource (NASDAQ:GORO) opened at 3.43 on Tuesday. Gold Resource has a 52 week low of $2.70 and a 52 week high of $6.35. The stock has a 50-day moving average of $3.46 and a 200-day moving average of $4.23. The company has a market cap of $185.8 million and a price-to-earnings ratio of 21.62.
Gold Resource Corporation is engaged in the exploration for and production of gold and silver in Mexico. As of December 31, 2011, the Company held a 100% interest in six properties in Mexico’s southern State of Oaxaca. During the year ended December 31, 2011, the Company produced a total of 66,159 ounces of gold equivalent from the El Aguila Project.
Original Article: http://www.wkrb13.com/markets/510499/gold-resource-co-goro-announces-monthly-dividend-of-0-01/
