Jefferies research analysts began coverage for shares of Gold Resource Co. (NASDAQ: GORO) in a research note issued to investors on Tuesday. They set a buy rating and a $45.00 price target on the companys stock.
Gold Resource Co. (NASDAQ: GORO)s stock opened at 26.42 on Friday. Gold Resource Co. has a 52 week range of $9.50 to $29.90. The stocks 50-day moving average is $26.84 and its 200-day moving average is $19.49. Analysts predict on average that Gold Resource Co. will post $0.00 earnings per share next quarter. The company has a market cap of $1.400 billion and a P/E (price-to-earnings ratio) of N/A.
About Gold Resource Co. (NASDAQ: GORO)
Gold Resource Corporation is engaged in the exploration for and production of gold and silver, primarily in Mexico. The Company holds a 100% interest in five properties in Mexicos southern State of Oaxaca. Its properties include the El Aguila property, the Las Margaritas property, the El Rey property, the Solaga property and the Alta Gracia property. Its operations in Mexico are conducted through its wholly owned Mexican subsidiaries, Don David Gold, S.A. de C.V. and Golden Trump Resources S. A. de C.V. During the year ended December 31, 2009, the Company completed the construction of the flotation circuit of the mill at the El Aguila Project.
