Alliance Global Partners lowered the firm’s price target on Gold Resource to $1.25 from $2 and keeps a Buy rating on the shares after the company announced Q3 results that were below the firm’s expectations. The strategic review process and lack of visibility regarding working capital needs “presents an element of uncertainty in the near-term,” the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GORO: