Research analysts at StockNews.com initiated coverage on shares of Gold Resource (NYSE:GORO - Get Free Report) in a report released on Sunday. The brokerage set a "sell" rating on the stock.
Separately, HC Wainwright reduced their target price on shares of Gold Resource from $1.75 to $1.25 and set a "buy" rating for the company in a report on Friday, March 7th.
Read Our Latest Report on Gold Resource
Gold Resource Stock Up 1.9 %
Gold Resource stock traded up $0.01 during midday trading on Friday, hitting $0.57. The company's stock had a trading volume of 217,594 shares, compared to its average volume of 3,001,343. Gold Resource has a 12 month low of $0.12 and a 12 month high of $0.74. The stock's 50-day moving average price is $0.49 and its 200-day moving average price is $0.34. The company has a market capitalization of $69.31 million, a PE ratio of -1.16 and a beta of 0.81.
Institutional Investors Weigh In On Gold Resource
Large investors have recently made changes to their positions in the company. XTX Topco Ltd lifted its holdings in shares of Gold Resource by 36.7% in the first quarter. XTX Topco Ltd now owns 109,984 shares of the company's stock valued at $56,000 after purchasing an additional 29,543 shares in the last quarter. Jane Street Group LLC grew its stake in Gold Resource by 669.8% during the 4th quarter. Jane Street Group LLC now owns 178,903 shares of the company's stock valued at $41,000 after acquiring an additional 155,664 shares in the last quarter. Shay Capital LLC increased its holdings in shares of Gold Resource by 114.1% in the 4th quarter. Shay Capital LLC now owns 251,550 shares of the company's stock valued at $58,000 after purchasing an additional 134,077 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in shares of Gold Resource in the fourth quarter worth approximately $119,000. Institutional investors and hedge funds own 18.38% of the company's stock.
Gold Resource Company Profile
(
Get 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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