Gold Resource Co. (NYSEAMERICAN:GORO) announced a monthly dividend on Wednesday, March 24th, Wall Street Journal reports. Shareholders of record on Monday, April 12th will be given a dividend of 0.0033 per share by the basic materials company on Friday, April 23rd. This represents a $0.04 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, April 9th.
Gold Resource has raised its dividend payment by 100.0% over the last three years and has increased its dividend every year for the last 1 years. Gold Resource has a dividend payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Gold Resource to earn $0.01 per share next year, which means the company may not be able to cover its $0.04 annual dividend with an expected future payout ratio of 400.0%.
Gold Resource stock opened at $2.80 on Thursday. The firm has a market cap of $208.43 million, a price-to-earnings ratio of -279.72 and a beta of 1.86. Gold Resource has a 52-week low of $2.48 and a 52-week high of $5.04. The business’s 50 day simple moving average is $3.20.
In other news, Director Ronald Little acquired 10,000 shares of Gold Resource stock in a transaction dated Friday, March 19th. The shares were acquired at an average cost of $2.75 per share, for a total transaction of $27,500.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alex G. Morrison bought 17,900 shares of the company’s stock in a transaction that occurred on Tuesday, March 9th. The stock was bought at an average cost of $2.67 per share, for a total transaction of $47,793.00. Following the completion of the transaction, the director now directly owns 51,571 shares in the company, valued at $137,694.57. The disclosure for this purchase can be found here. Insiders bought a total of 57,900 shares of company stock worth $153,293 over the last 90 days. Company insiders own 7.10% of the company’s stock.
Gold Resource Company Profile
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 deposits. The company's flagship property is the Aguila project comprising 18 mining concessions covering an area of approximately 24,372 hectares located in the State of Oaxaca, Mexico.
Read More: Hold Rating
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