Gold Resource (NYSE:GORO) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Gold Resource (NYSE:GORO) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the stock.

Gold Resource Stock Performance

Gold Resource stock opened at $0.39 on Friday. The firm has a market cap of $37.21 million, a PE ratio of -0.80 and a beta of 1.53. The firm’s 50 day moving average price is $0.31 and its two-hundred day moving average price is $0.29. Gold Resource has a twelve month low of $0.12 and a twelve month high of $0.71.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC increased its stake in shares of Gold Resource by 669.8% during 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 last quarter. Shay Capital LLC increased 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 worth $58,000 after purchasing an additional 134,077 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Gold Resource during the 3rd quarter worth $110,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Gold Resource during 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.