Global Hunter Securities Starts Gold Resource Corp (GORO) at Accumulate; Excellent Exposure at Low Cost
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Price: $8.69 -4.3%
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade GORO Now!
Global Hunter Securities initiates coverage on Gold Resource Corp (NYSE: GORO) with an Accumulate. PT $22.00.
Analyst, Jeff Wright, said, "Gold Resource Corp. provides a rare combination not often seen in the gold mining sector, as it not only offers a growth platform for production but also pays a meaningful dividend. GORO's El Aguila Mine is operating at a highly efficient level with the potential to further increase gold equivalent production to greater than 200,000 ounces by 2014 from the current 100,000 ounce range. In our opinion, GORO provides excellent exposure to a gold-silver miner with a low-cost platform given the significant base metal credits produced."
For an analyst ratings summary and ratings history on Gold Resource Corp click here. For more ratings news on Gold Resource Corp click here.
Shares of Gold Resource Corp closed at $17.95 yesterday, with a 52 week range of $15.06-$28.45.
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Analyst, Jeff Wright, said, "Gold Resource Corp. provides a rare combination not often seen in the gold mining sector, as it not only offers a growth platform for production but also pays a meaningful dividend. GORO's El Aguila Mine is operating at a highly efficient level with the potential to further increase gold equivalent production to greater than 200,000 ounces by 2014 from the current 100,000 ounce range. In our opinion, GORO provides excellent exposure to a gold-silver miner with a low-cost platform given the significant base metal credits produced."
For an analyst ratings summary and ratings history on Gold Resource Corp click here. For more ratings news on Gold Resource Corp click here.
Shares of Gold Resource Corp closed at $17.95 yesterday, with a 52 week range of $15.06-$28.45.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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