Sprott Inc. boosted its stake in shares of Gold Resource Co. (NYSEAMERICAN:GORO) by 95.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 290,200 shares of the basic materials company’s stock after buying an additional 142,100 shares during the period. Sprott Inc. owned about 0.44% of Gold Resource worth $1,284,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Gold Resource by 18.7% during the 2nd quarter. BlackRock Inc. now owns 4,253,864 shares of the basic materials company’s stock worth $14,376,000 after buying an additional 670,912 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Gold Resource by 6.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,842,390 shares of the basic materials company’s stock valued at $7,370,000 after purchasing an additional 109,361 shares during the period. Northern Trust Corp increased its holdings in shares of Gold Resource by 4.6% in the 2nd quarter. Northern Trust Corp now owns 693,350 shares of the basic materials company’s stock valued at $2,343,000 after purchasing an additional 30,527 shares during the period. Martingale Asset Management L P increased its holdings in shares of Gold Resource by 330.9% in the 1st quarter. Martingale Asset Management L P now owns 342,130 shares of the basic materials company’s stock valued at $1,345,000 after purchasing an additional 262,724 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Gold Resource in the 1st quarter valued at about $1,338,000.
Shares of GORO stock traded up $0.17 during trading hours on Monday, reaching $3.73. 31,338 shares of the company’s stock were exchanged, compared to its average volume of 709,599. Gold Resource Co. has a fifty-two week low of $2.73 and a fifty-two week high of $6.42.
Gold Resource (NYSEAMERICAN:GORO) last issued its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $29.37 million during the quarter, compared to the consensus estimate of $32.67 million.
The firm also recently announced a — dividend, which will be paid on Monday, September 23rd. Investors of record on Wednesday, September 11th will be paid a $0.0017 dividend. The ex-dividend date is Tuesday, September 10th. This represents a yield of 0.6%.
A number of equities analysts have recently weighed in on the company. HC Wainwright set a $8.00 target price on Gold Resource and gave the company a “buy” rating in a report on Friday, July 19th. Roth Capital assumed coverage on Gold Resource in a report on Tuesday, June 11th. They issued a “buy” rating and a $6.50 target price on the stock. Finally, Zacks Investment Research upgraded Gold Resource from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 14th.
In other Gold Resource news, Director Kimberly C. Perry bought 20,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were acquired at an average price of $3.24 per share, with a total value of $64,800.00. Following the completion of the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $64,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Gold Resource Profile
Gold Resource Corporation explores for, develops, produces, and sells gold and silver in Mexico and the United States. It also explores for copper, lead, and zinc. The company's flagship property is the Aguila project comprising 18 mining concessions aggregating approximately 25,264 hectares located in the State of Oaxaca, Mexico.
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