Mirae Asset Global Investments Co. Ltd. Trims Stock Position in Gold Resource Co. (NYSE:GORO)

Mirae Asset Global Investments Co. Ltd. cut its position in shares of Gold Resource Co. (NYSE:GORO) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,128,619 shares of the company’s stock after selling 75,675 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Gold Resource were worth $800,000 at the end of the most recent quarter.

Separately, Perritt Capital Management Inc. lifted its position in Gold Resource by 200.0% during the third quarter. Perritt Capital Management Inc. now owns 300,000 shares of the company’s stock valued at $128,000 after buying an additional 200,000 shares in the last quarter. 18.38% of the stock is currently owned by institutional investors and hedge funds.

Gold Resource Stock Performance

GORO opened at $0.47 on Thursday. The company has a market cap of $41.73 million, a PE ratio of -2.77 and a beta of 1.61. Gold Resource Co. has a 52-week low of $0.22 and a 52-week high of $0.99.

Gold Resource (NYSE:GORO) last posted its quarterly earnings data on Wednesday, March 13th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $21.14 million for the quarter. Gold Resource had a negative net margin of 16.39% and a negative return on equity of 15.48%. Equities research analysts predict that Gold Resource Co. will post -0.06 EPS for the current fiscal year.

Analyst Ratings Changes

GORO has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of Gold Resource in a research report on Monday, April 8th. They set a “sell” rating on the stock. HC Wainwright dropped their price objective on shares of Gold Resource from $1.75 to $1.50 and set a “buy” rating on the stock in a research note on Friday, March 15th.

Gold Resource 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.