StockNews.com started coverage on shares of Gold Resource (NYSE:GORO - Free Report) in a research report report published on Tuesday morning. The brokerage issued a sell rating on the stock.
Separately, HC Wainwright decreased their target price on Gold Resource from $1.75 to $1.25 and set a "buy" rating for the company in a research report on Friday, March 7th.
Read Our Latest Stock Report on Gold Resource
Gold Resource Price Performance
NYSE:GORO traded down $0.04 during mid-day trading on Tuesday, reaching $0.54. The stock had a trading volume of 1,526,315 shares, compared to its average volume of 1,564,037. The company has a market capitalization of $51.49 million, a price-to-earnings ratio of -1.10 and a beta of 1.39. Gold Resource has a 1-year low of $0.12 and a 1-year high of $0.74. The stock's 50 day simple moving average is $0.43 and its two-hundred day simple moving average is $0.32.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Squarepoint Ops LLC bought a new stake in shares of Gold Resource during the 4th quarter valued at about $119,000. The Manufacturers Life Insurance Company bought a new position in shares of Gold Resource during the third quarter valued at approximately $110,000. Shay Capital LLC raised its position in shares of Gold Resource by 114.1% during the 4th 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 period. Finally, Jane Street Group LLC lifted its holdings in shares of Gold Resource by 669.8% in the 4th quarter. Jane Street Group LLC now owns 178,903 shares of the company's stock worth $41,000 after purchasing an additional 155,664 shares during the last quarter. 18.38% of the stock is currently owned by 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.
Further Reading
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