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

StockNews.com started coverage on shares of Gold Resource (NYSE:GORO) in a report issued on Thursday. The brokerage set a “sell” rating on the stock.

Separately, HC Wainwright reduced their price target on Gold Resource from $1.75 to $1.25 and set a “buy” rating for the company in a research report on Friday, March 7th.

Gold Resource Stock Down 0.4 %

Shares of GORO opened at $0.43 on Thursday. Gold Resource has a 12 month low of $0.12 and a 12 month high of $0.74. The company’s fifty day moving average is $0.45 and its 200-day moving average is $0.33. The firm has a market cap of $41.28 million, a price-to-earnings ratio of -0.88 and a beta of 1.18.

Hedge Funds Weigh In On Gold Resource

Institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC bought a new stake in shares of Gold Resource during the 4th quarter worth $119,000. The Manufacturers Life Insurance Company acquired a new position in Gold Resource during the 3rd quarter worth $110,000. Jane Street Group LLC boosted its holdings in Gold Resource by 669.8% during the fourth 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 during the period. Finally, Shay Capital LLC grew its position in shares of Gold Resource by 114.1% in the fourth 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 last quarter. Institutional investors 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.