MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its stake in Gold Resource Co. (NYSE:GORO - Free Report) by 39.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,443,800 shares of the company's stock after selling 925,914 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.51% of Gold Resource worth $332,000 as of its most recent filing with the SEC.
Separately, Jane Street Group LLC lifted its stake in Gold Resource by 669.8% during the fourth 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. Hedge funds and other institutional investors own 18.38% of the company's stock.
Gold Resource Stock Performance
Shares of Gold Resource stock traded down $0.00 on Wednesday, reaching $0.65. 674,007 shares of the company were exchanged, compared to its average volume of 1,843,150. The firm has a market cap of $88.01 million, a price-to-earnings ratio of -1.32 and a beta of 0.81. Gold Resource Co. has a 1-year low of $0.12 and a 1-year high of $0.74. The company's 50-day moving average is $0.51 and its two-hundred day moving average is $0.39.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on GORO shares. Wall Street Zen initiated coverage on shares of Gold Resource in a report on Sunday, May 4th. They set a "sell" rating on the stock. HC Wainwright dropped their price objective on shares of Gold Resource from $1.75 to $1.25 and set a "buy" rating on the stock in a research note on Friday, March 7th.
Read Our Latest Report on GORO
Gold Resource Company Profile
(
Free Report)
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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