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

Research analysts at StockNews.com assumed coverage on shares of Gold Resource (NYSE:GORO) in a report issued on Saturday. The firm set a “sell” rating on the stock.

Separately, HC Wainwright cut their target price 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 Price Performance

Shares of GORO stock opened at $0.36 on Friday. The business has a 50-day moving average of $0.46 and a 200 day moving average of $0.33. The stock has a market capitalization of $42.91 million, a PE ratio of -0.73 and a beta of 1.18. Gold Resource has a 1-year low of $0.12 and a 1-year high of $0.74.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC bought a new stake in shares of Gold Resource in the 4th quarter worth approximately $119,000. Shay Capital LLC lifted its stake in Gold Resource by 114.1% in the fourth quarter. Shay Capital LLC now owns 251,550 shares of the company’s stock worth $58,000 after acquiring an additional 134,077 shares during the period. Finally, Jane Street Group LLC boosted its holdings in Gold Resource by 669.8% in the fourth quarter. Jane Street Group LLC now owns 178,903 shares of the company’s stock valued at $41,000 after acquiring an additional 155,664 shares in the last quarter. Hedge funds and other institutional investors own 18.38% of the company’s stock.

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.