Gold Resource (NYSE:GORO) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Gold Resource (NYSE:GORO) in a research note issued on Tuesday. The firm set a “sell” rating on the stock.

Separately, HC Wainwright cut their price objective on shares of Gold Resource from $1.75 to $1.25 and set a “buy” rating on the stock in a research report on Friday, March 7th.

Gold Resource Stock Performance

Shares of GORO stock opened at $0.55 on Tuesday. The firm’s 50 day moving average price is $0.42 and its two-hundred day moving average price is $0.31. The stock has a market cap of $52.07 million, a PE ratio of -1.11 and a beta of 1.39. Gold Resource has a 52-week low of $0.12 and a 52-week high of $0.74.

Institutional Trading of Gold Resource

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC raised its stake in Gold Resource by 669.8% during the fourth quarter. Jane Street Group LLC now owns 178,903 shares of the company’s stock worth $41,000 after acquiring an additional 155,664 shares in the last quarter. Shay Capital LLC lifted its stake in shares of 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 buying an additional 134,077 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Gold Resource in the third quarter worth $110,000. Finally, Squarepoint Ops LLC purchased a new position in Gold Resource in the 4th quarter worth $119,000. Institutional investors and hedge funds own 18.38% of the company’s stock.

Gold Resource Company Profile

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.