Gold Resource (NYSE:GORO) Price Target Raised to $1.50

Key Points

• HC Wainwright has raised its price target for Gold Resource (NYSE:GORO) from $1.25 to $1.50, suggesting a potential upside of 231.05% from the current price.
• Recently, Wall Street Zen initiated coverage on Gold Resource with a "sell" rating, contrasting with HC Wainwright's "buy" rating.
• Institutional investors have significantly increased their holdings of Gold Resource, with Jane Street Group boosting its stake by 669.8% in the last quarter.

Gold Resource (NYSE:GORO - Free Report) had its target price raised by HC Wainwright from $1.25 to $1.50 in a research report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Wall Street Zen assumed coverage on shares of Gold Resource in a research note on Sunday, May 4th. They issued a "sell" rating for the company.

Gold Resource Trading Down 4.3%

Shares of GORO traded down $0.02 on Friday, reaching $0.54. The company's stock had a trading volume of 3,164,556 shares, compared to its average volume of 2,649,661. Gold Resource has a twelve month low of $0.12 and a twelve month high of $0.82. The stock has a market capitalization of $74.31 million, a PE ratio of -1.11 and a beta of 0.76. The firm has a fifty day moving average of $0.60 and a 200-day moving average of $0.51.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Squarepoint Ops LLC purchased a new stake in shares of Gold Resource during the 4th quarter valued at $119,000. Jane Street Group LLC raised its position in Gold Resource by 669.8% in the 4th 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 period. Shay Capital LLC raised its position in Gold Resource by 114.1% in the 4th quarter. Shay Capital LLC now owns 251,550 shares of the company's stock worth $58,000 after purchasing an additional 134,077 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Gold Resource by 61.1% in 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 purchasing an additional 881,701 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Gold Resource in the first quarter valued at about $43,000. 18.38% of the stock is owned by institutional investors.

About Gold Resource

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.