Gold Resource (NYSE:GORO) Now Covered by StockNews.com

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

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

Gold Resource Price Performance

Shares of GORO stock opened at $0.59 on Tuesday. The stock has a market capitalization of $56.68 million, a price-to-earnings ratio of -1.21 and a beta of 1.39. The company’s fifty day simple moving average is $0.43 and its two-hundred day simple moving average is $0.31. Gold Resource has a 1 year low of $0.12 and a 1 year high of $0.74.

Institutional Trading of Gold Resource

Several institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company bought a new position in Gold Resource in the 3rd quarter worth about $110,000. Jane Street Group LLC grew its holdings in shares of 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 purchasing an additional 155,664 shares in the last quarter. Shay Capital LLC increased its holdings in shares of 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 buying an additional 134,077 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in Gold Resource in the fourth quarter valued at $119,000. 18.38% of the stock is currently owned by hedge funds and other 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.