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

NEW YORK ( TheStreet) -- The ex-dividend date for Gold Resource (AMEX: GORO) is tomorrow, May 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $25.51 as of 9:30 a.m. ET, the dividend yield is 2.9%.

The average volume for Gold Resource has been 180,800 shares per day over the past 30 days. Gold Resource has a market cap of $1.38 billion and is part of the basic materials sector and metals & mining industry. Shares are up 16.5% year to date as of the close of trading on Friday.

Gold Resource Corporation, an exploration stage company, engages in the exploration for and production of gold and silver in Mexico. It also explores copper, lead, and zinc ores. The company has a P/E ratio of 23.3, below the average metals & mining industry P/E ratio of 25.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Gold Resource as a buy. 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, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Gold Resource Ratings Report.

See our dividend calendar or top-yielding stocks list.
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