Squarepoint Ops LLC purchased a new stake in Gold Resource Co. (NYSE:GORO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 515,741 shares of the company's stock, valued at approximately $119,000. Squarepoint Ops LLC owned 0.54% of Gold Resource at the end of the most recent reporting period.
Separately, Shay Capital LLC lifted its holdings in 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 buying an additional 134,077 shares in the last quarter. Hedge funds and other institutional investors own 18.38% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have commented on GORO shares. Wall Street Zen started coverage on shares of Gold Resource in a research note on Sunday, May 4th. They issued a "sell" rating for the company. HC Wainwright lowered their target price on Gold Resource from $1.75 to $1.25 and set a "buy" rating for the company in a research note on Friday, March 7th.
View Our Latest Analysis on GORO
Gold Resource Stock Performance
Shares of NYSE:GORO traded down $0.00 during trading hours on Wednesday, reaching $0.64. The stock had a trading volume of 1,298,351 shares, compared to its average volume of 1,865,227. The stock has a market capitalization of $87.74 million, a price-to-earnings ratio of -1.31 and a beta of 0.76. The firm's 50 day moving average is $0.52 and its 200-day moving average is $0.41. Gold Resource Co. has a 1 year low of $0.12 and a 1 year high of $0.74.
Gold Resource Profile
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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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