Bank of New York Mellon Corp Invests $454,000 in Gold Resource Co. $GORO

Key Points

• Bank of New York Mellon purchased 360,381 Gold Resource shares worth approximately $454,000, giving it a 0.22% stake.
• Other institutions also increased their positions, including MIRAE Asset Global ETFs, Geode Capital Management, and Two Sigma Investments; institutional investors collectively own 18.38% of the company.
• Gold Resource shares traded at $3.60, up 0.8%, with a market capitalization of approximately $582.8 million and a 12-month range of $0.62 to $4.24.

Bank of New York Mellon Corp purchased a new stake in shares of Gold Resource Co. (NYSE:GORO - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 360,381 shares of the company's stock, valued at approximately $454,000. Bank of New York Mellon Corp owned approximately 0.22% of Gold Resource at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GORO. Vanguard Group Inc. boosted its holdings in shares of Gold Resource by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,148,795 shares of the company's stock valued at $5,140,000 after acquiring an additional 91,241 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Gold Resource by 48.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,071,771 shares of the company's stock valued at $3,404,000 after purchasing an additional 1,323,290 shares during the period. Geode Capital Management LLC lifted its position in Gold Resource by 39.9% during the second quarter. Geode Capital Management LLC now owns 1,381,916 shares of the company's stock valued at $843,000 after purchasing an additional 394,028 shares during the period. Two Sigma Investments LP boosted its holdings in Gold Resource by 1,268.0% in the third quarter. Two Sigma Investments LP now owns 985,739 shares of the company's stock worth $824,000 after purchasing an additional 913,684 shares during the last quarter. Finally, Sei Investments Co. purchased a new stake in Gold Resource in the first quarter worth approximately $741,000. 18.38% of the stock is owned by hedge funds and other institutional investors.

Gold Resource Trading Up 0.8%

NYSE:GORO opened at $3.60 on Friday. The company has a market cap of $582.80 million, a PE ratio of -7.35 and a beta of 1.06. The company has a 50 day simple moving average of $2.62 and a two-hundred day simple moving average of $1.79. Gold Resource Co. has a 12 month low of $0.62 and a 12 month high of $4.24.

About Gold Resource

Gold Resource Corporation NYSE: GORO is a Denver, Colorado–based precious metals producer focused on gold and silver mining and processing. The company's principal operations are located in Oaxaca State, Mexico, where it holds 100% interest in the Arista underground mine and the El Águila tailings reprocessing facility. Gold Resource's Mexican operations are complemented by corporate and administrative offices in Denver and field offices in Mexico City.

At the Arista mine, Gold Resource conducts underground mining of high-grade gold and silver veins, producing doré bars and metal concentrates that are shipped to third-party smelters.

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