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

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

Separately, HC Wainwright lowered their price target on shares of 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 Stock Up 4.5 %

Gold Resource stock opened at $0.58 on Tuesday. Gold Resource has a 52 week low of $0.12 and a 52 week high of $0.74. The firm has a market cap of $55.29 million, a price-to-earnings ratio of -1.18 and a beta of 1.39. The business’s 50-day moving average price is $0.43 and its 200 day moving average price is $0.32.

Institutional Trading of Gold Resource

Institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company acquired a new stake in Gold Resource in the 3rd quarter valued at $110,000. Squarepoint Ops LLC purchased a new stake in shares of Gold Resource during the fourth quarter worth about $119,000. Jane Street Group LLC raised its position 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. Finally, Shay Capital LLC lifted its stake in Gold Resource by 114.1% in 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. 18.38% of the stock is owned by institutional investors and hedge funds.

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.