BlackRock Inc. purchased a new position in Gold Resource Co. (NYSE:GORO - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,701,708 shares of the company's stock, valued at approximately $13,484,000. BlackRock Inc. owned approximately 6.61% of Gold Resource at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in GORO. XTX Topco Ltd increased its stake in Gold Resource by 47.5% in the 4th quarter. XTX Topco Ltd now owns 138,592 shares of the company's stock valued at $115,000 after buying an additional 44,644 shares during the period. Virtu Financial LLC boosted its stake in shares of Gold Resource by 123.1% during the 3rd quarter. Virtu Financial LLC now owns 132,471 shares of the company's stock valued at $111,000 after buying an additional 73,101 shares during the period. State Street Corp grew its holdings in shares of Gold Resource by 16.8% during the 4th quarter. State Street Corp now owns 559,416 shares of the company's stock valued at $463,000 after acquiring an additional 80,600 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Gold Resource by 1.5% in the third quarter. Vanguard Group Inc. now owns 6,148,795 shares of the company's stock worth $5,140,000 after acquiring an additional 91,241 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new position in shares of Gold Resource in the second quarter worth $56,000. 18.38% of the stock is currently owned by institutional investors and hedge funds.
Gold Resource Trading Up 4.7%
Shares of NYSE:GORO opened at $4.05 on Friday. The firm has a market cap of $655.65 million, a price-to-earnings ratio of -8.27 and a beta of 1.06. Gold Resource Co. has a 1 year low of $0.57 and a 1 year high of $4.17. The business has a fifty day simple moving average of $2.31 and a 200 day simple moving average of $1.70.
About Gold Resource
(
Free Report)
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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