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

Equities researchers at StockNews.com assumed coverage on shares of Gold Resource (NYSE:GORO) in a research report issued to clients and investors on Sunday. The brokerage set a “sell” rating on the stock.

Separately, HC Wainwright decreased their target price on Gold Resource from $1.75 to $1.25 and set a “buy” rating on the stock in a research report on Friday, March 7th.

Gold Resource Trading Down 2.4 %

Shares of GORO opened at $0.63 on Friday. Gold Resource has a twelve month low of $0.12 and a twelve month high of $0.74. The firm has a market capitalization of $77.17 million, a P/E ratio of -1.30 and a beta of 0.81. The firm’s 50-day moving average is $0.48 and its two-hundred day moving average is $0.34.

Institutional Trading of Gold Resource

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

Gold Resource Company 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.