Squarepoint Ops LLC Makes New $119,000 Investment in Gold Resource Co. (NYSE:GORO)

Squarepoint Ops LLC bought a new stake in shares of Gold Resource Co. (NYSE:GORO) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 515,741 shares of the company’s stock, valued at approximately $119,000. Squarepoint Ops LLC owned 0.54% of Gold Resource as of its most recent SEC filing.

Separately, Jane Street Group LLC increased 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 worth $41,000 after buying an additional 155,664 shares during the last quarter. Institutional investors and hedge funds own 18.38% of the company’s stock.

Gold Resource Price Performance

NYSE GORO opened at $0.62 on Tuesday. Gold Resource Co. has a fifty-two week low of $0.12 and a fifty-two week high of $0.74. The stock’s 50-day moving average is $0.52 and its two-hundred day moving average is $0.41. The firm has a market cap of $84.05 million, a P/E ratio of -1.26 and a beta of 0.76.

Wall Street Analyst Weigh In

A number of analysts have issued reports on GORO shares. HC Wainwright reduced their target price on shares of Gold Resource from $1.75 to $1.25 and set a “buy” rating for the company in a research note on Friday, March 7th. Wall Street Zen started coverage on shares of Gold Resource in a report on Sunday, May 4th. They set a “sell” rating on the 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.