Gold Resource Co. (GORO) Posts Earnings Results

Gold Resource Co. (NASDAQ:GORO) posted its quarterly earnings results on Tuesday. The basic materials company reported $0.08 EPS for the quarter, Bloomberg Earnings reports. Gold Resource had a net margin of 4.04% and a return on equity of 3.08%. The firm had revenue of $31.12 million for the quarter.

The company also recently declared a monthly dividend, which will be paid on Friday, November 24th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.0017 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Friday, November 10th.

A hedge fund recently raised its stake in Gold Resource stock. The Manufacturers Life Insurance Company lifted its position in Gold Resource Co. (NASDAQ:GORO) by 9.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,408 shares of the basic materials company’s stock after purchasing an additional 3,612 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of Gold Resource worth $172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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About Gold Resource

Gold Resource Corporation is a mining company. The Company is a producer of metal concentrates that contain gold, silver, copper, lead and zinc, and dore containing gold and silver at the Aguila Project within its Oaxaca Mining Unit located in the southern state of Oaxaca, Mexico. The Company has two units in North America, the Oaxaca Mining Unit and the Nevada Mining Unit.

Earnings History for Gold Resource (NASDAQ:GORO)

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