Gold Resource Stock To Go Ex-dividend Tomorrow (GORO)

NEW YORK ( TheStreet) -- The ex-dividend date for Gold Resource (AMEX: GORO) is tomorrow, April 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $24.23 as of 9:30 a.m. ET, the dividend yield is 2.4%.

The average volume for Gold Resource has been 224,800 shares per day over the past 30 days. Gold Resource has a market cap of $1.3 billion and is part of the basic materials sector and metals & mining industry. Shares are up 16.1% year to date as of the close of trading on Tuesday.

Gold Resource Corporation, an exploration stage company, engages in the exploration for and production of gold, silver, precious metals, and base metals, including copper, lead, and zinc primarily in Mexico. The company has a P/E ratio of 24, below the average metals & mining industry P/E ratio of 128.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Gold Resource as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Gold Resource Ratings Report.

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