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

Stock analysts at StockNews.com initiated coverage on shares of Gold Resource (NYSE:GOROGet Free Report) in a research note issued on Sunday. The firm set a “sell” rating on the stock.

Separately, HC Wainwright decreased their price objective on shares of Gold Resource from $1.75 to $1.50 and set a “buy” rating for the company in a report on Friday, March 15th.

View Our Latest Report on Gold Resource

Gold Resource Price Performance

Shares of GORO opened at $0.43 on Friday. Gold Resource has a 1-year low of $0.22 and a 1-year high of $1.19. The stock has a market cap of $38.45 million, a P/E ratio of -2.56 and a beta of 1.52.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Perritt Capital Management Inc. raised its position in shares of Gold Resource by 200.0% in the 3rd quarter. Perritt Capital Management Inc. now owns 300,000 shares of the company’s stock worth $128,000 after acquiring an additional 200,000 shares in the last quarter. PEAK6 Investments LLC lifted its position in shares of Gold Resource by 22.8% during the third quarter. PEAK6 Investments LLC now owns 307,003 shares of the company’s stock valued at $131,000 after buying an additional 57,002 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Gold Resource by 1.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,204,294 shares of the company’s stock valued at $943,000 after buying an additional 27,603 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Gold Resource in the 4th quarter worth approximately $86,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Gold Resource during the 1st quarter worth approximately $83,000. Hedge funds and other institutional investors own 18.38% of the company’s stock.

Gold Resource Company Profile

(Get Free Report)

Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico and the United States. The company explores for copper, lead, and zinc deposits. Its principal asset is the 100% owned Back Forty project covering approximately 1,304 hectares located in Menominee county, Michigan.

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