Gold Resource Co. (NYSEAMERICAN:GORO) to Issue Dividend Increase – $0.00 Per Share

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Gold Resource Co. (NYSEAMERICAN:GORO) declared a dividend on Wednesday, October 23rd, Fidelity reports. Stockholders of record on Tuesday, November 12th will be paid a dividend of 0.0033 per share by the basic materials company on Monday, November 25th. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Gold Resource’s previous dividend of $0.0016667.

Shares of Gold Resource stock opened at $4.39 on Thursday. Gold Resource has a 52-week low of $2.73 and a 52-week high of $5.09. The business’s 50-day moving average price is $3.48.

Gold Resource (NYSEAMERICAN:GORO) last released its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). The company had revenue of $40.07 million for the quarter, compared to analysts’ expectations of $41.81 million.

Several analysts have issued reports on the stock. HC Wainwright set a $7.80 price target on shares of Gold Resource and gave the company a “buy” rating in a report on Friday, October 18th. Zacks Investment Research raised shares of Gold Resource from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Tuesday.

About Gold Resource

Gold Resource Corporation explores for, develops, produces, and sells gold and silver in Mexico and the United States. It also explores for copper, lead, and zinc. The company's flagship property is the Aguila project comprising 18 mining concessions aggregating approximately 25,264 hectares located in the State of Oaxaca, Mexico.

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Dividend History for Gold Resource (NYSEAMERICAN:GORO)

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