Gold Reserve (OTCMKTS:GDRZF) Announces Earnings Results

Gold Reserve (OTCMKTS:GDRZF) issued its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, Zacks reports.

Gold Reserve Stock Performance

GDRZF stock remained flat at $4.59 during trading on Thursday. 6,834 shares of the company traded hands, compared to its average volume of 152,272. The company has a 50 day simple moving average of $4.64 and a 200-day simple moving average of $4.37. The company has a market cap of $678.03 million and a PE ratio of -15.30. Gold Reserve has a 1 year low of $1.15 and a 1 year high of $5.60.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald started coverage on Gold Reserve in a report on Tuesday, May 5th. They set a “speculative buy” rating on the stock. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Gold Reserve Company Profile

Gold Reserve Inc is a mineral exploration and development company incorporated in Nevada with executive offices in Vancouver, British Columbia, and Littleton, Colorado. The company focuses on the acquisition, exploration and development of precious and base metal deposits, primarily in South America. Gold Reserve’s corporate strategy centers on advancing its flagship mining interests toward production while managing the legal and regulatory framework surrounding its assets.

The company’s main asset is the Brisas Project, a former gold‐copper porphyry deposit located in Bolívar State, Venezuela.