Gold Resource Co. (NYSE:GORO - Get Free Report)'s share price traded down 4.4% during mid-day trading on Wednesday . The company traded as low as $0.65 and last traded at $0.69. 2,469,301 shares were traded during trading, an increase of 25% from the average session volume of 1,971,051 shares. The stock had previously closed at $0.72.
Analysts Set New Price Targets
Separately, Wall Street Zen began coverage on Gold Resource in a research report on Sunday, May 4th. They set a "sell" rating on the stock.
Get Our Latest Analysis on Gold Resource
Gold Resource Stock Down 3.8%
The firm has a 50-day moving average of $0.62 and a two-hundred day moving average of $0.48. The stock has a market capitalization of $93.33 million, a price-to-earnings ratio of -1.40 and a beta of 0.79.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Gold Resource by 61.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,325,501 shares of the company's stock worth $1,185,000 after acquiring an additional 881,701 shares in the last quarter. Squarepoint Ops LLC bought a new stake in Gold Resource during the 4th quarter valued at approximately $119,000. Jane Street Group LLC boosted its stake in Gold Resource by 165.2% during the 1st quarter. Jane Street Group LLC now owns 474,468 shares of the company's stock valued at $242,000 after purchasing an additional 295,565 shares during the period. Shay Capital LLC boosted its stake in Gold Resource by 114.1% during 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, Virtu Financial LLC bought a new stake in Gold Resource during the 1st quarter valued at approximately $43,000. Hedge funds and other institutional investors own 18.38% of the company's stock.
About Gold Resource
(
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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