Gold Resource Co. $GORO Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC decreased its position in Gold Resource Co. (NYSE:GORO) by 42.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,000 shares of the company’s stock after selling 60,000 shares during the quarter. Modern Wealth Management LLC owned 0.06% of Gold Resource worth $41,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of GORO. Jane Street Group LLC grew its position 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. Virtu Financial LLC acquired a new stake in Gold Resource in the first quarter valued at approximately $43,000. XTX Topco Ltd grew its position in Gold Resource by 36.7% in the first quarter. XTX Topco Ltd now owns 109,984 shares of the company’s stock valued at $56,000 after acquiring an additional 29,543 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Gold Resource in the fourth quarter valued at approximately $119,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Gold Resource by 61.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,325,501 shares of the company’s stock valued at $1,185,000 after acquiring an additional 881,701 shares in the last quarter. Institutional investors and hedge funds own 18.38% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright increased their target price on Gold Resource from $1.25 to $1.50 and gave the company a “buy” rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $1.50.

Gold Resource Trading Down 7.2%

Gold Resource stock opened at $0.75 on Wednesday. The stock has a market cap of $102.28 million, a P/E ratio of -1.53 and a beta of 0.83. The stock has a 50 day moving average of $0.57 and a 200-day moving average of $0.55. Gold Resource Co. has a 52 week low of $0.12 and a 52 week high of $0.87.

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.