Gold Resource (GORO -12.4%) is downgraded to Neutral from Accumulate with a target price of...

|About: Gold Resource Corporation (GORO)|By:, SA News Editor

Gold Resource (GORO -12.4%) is downgraded to Neutral from Accumulate with a target price of $17.50 from $22 by Global Hunter, citing a lack of clarity and confidence in future projection. Yesterday, the miner cut 2012 production guidance for the second time in three months, blaming challenges in underground development of high grade stopes at the El Aguila Mine.