Gold Resource (NYSE:GORO - Free Report) had its price target cut by HC Wainwright from $1.75 to $1.25 in a report issued on Friday, Marketbeat reports. They currently have a buy rating on the stock.
Separately, StockNews.com started coverage on Gold Resource in a report on Saturday, March 1st. They set a "hold" rating on the stock.
Check Out Our Latest Analysis on GORO
Gold Resource Stock Performance
GORO traded up $0.04 during trading on Friday, reaching $0.55. 4,049,291 shares of the company traded hands, compared to its average volume of 3,305,816. The company has a market cap of $52.90 million, a P/E ratio of -1.13 and a beta of 1.39. Gold Resource has a 12-month low of $0.12 and a 12-month high of $0.74. The firm has a fifty day simple moving average of $0.37 and a 200 day simple moving average of $0.30.
Institutional Trading of Gold Resource
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GORO. Jane Street Group LLC raised its stake in shares of Gold Resource by 669.8% during the fourth quarter. Jane Street Group LLC now owns 178,903 shares of the company's stock valued at $41,000 after acquiring an additional 155,664 shares in the last quarter. Shay Capital LLC grew its holdings in Gold Resource by 114.1% in the fourth quarter. Shay Capital LLC now owns 251,550 shares of the company's stock worth $58,000 after purchasing an additional 134,077 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Gold Resource during the third quarter worth about $110,000. Finally, Squarepoint Ops LLC purchased a new position in Gold Resource in the 4th quarter worth $119,000. 18.38% of the stock is owned by hedge funds and other institutional investors.
Gold Resource Company Profile
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Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico and the United States. The company also explores for copper, lead, and zinc deposits. Its principal assets are the 100% owned Don David gold mine and Back Forty project covering approximately 1,304 hectares located in Menominee county, Michigan.
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