Renaissance Technologies LLC Sells 1,472,722 Shares of Gold Resource Co. $GORO

Key Points

• Renaissance Technologies cut its Gold Resource stake by 91% in the first quarter, selling 1,472,722 shares and retaining 145,693 shares valued at approximately $175,000.
• Other institutional investors generally increased their positions, including Vanguard, State Street, Virtu Financial, and XTX Topco. Institutional investors collectively own 18.38% of Gold Resource.
• Gold Resource shares opened at $3.00, well above their 50-day and 200-day moving averages of $1.84 and $1.55, respectively, but the company reported a negative price-to-earnings ratio of -6.12.

Renaissance Technologies LLC reduced its position in Gold Resource Co. (NYSE:GORO - Free Report) by 91.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,693 shares of the company's stock after selling 1,472,722 shares during the period. Renaissance Technologies LLC owned 0.09% of Gold Resource worth $175,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 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 worth $115,000 after acquiring an additional 44,644 shares during the last quarter. Virtu Financial LLC raised its holdings 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 worth $111,000 after acquiring an additional 73,101 shares in the last quarter. State Street Corp boosted its position 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 during the last quarter. Vanguard Group Inc. boosted its position 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. Finally, Captrust Financial Advisors purchased a new position in shares of Gold Resource in the second quarter valued at $56,000. 18.38% of the stock is owned by institutional investors.

Gold Resource Stock Performance

Shares of GORO opened at $3.00 on Friday. The company's fifty day moving average is $1.84 and its 200 day moving average is $1.55. Gold Resource Co. has a fifty-two week low of $0.44 and a fifty-two week high of $4.00. The stock has a market capitalization of $485.67 million, a PE ratio of -6.12 and a beta of 1.06.

Gold Resource Company Profile

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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