Gold Resource (NYSE:GORO) Given New $1.75 Price Target at HC Wainwright

Gold Resource (NYSE:GORO) had its target price lowered by HC Wainwright from $2.00 to $1.75 in a research note issued to investors on Thursday morning,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

Gold Resource Stock Down 4.3%

Shares of NYSE GORO opened at $1.12 on Thursday. The company has a market capitalization of $181.18 million, a PE ratio of -2.29 and a beta of 0.81. The firm has a fifty day simple moving average of $1.44 and a 200 day simple moving average of $1.02. Gold Resource has a twelve month low of $0.34 and a twelve month high of $1.87.

Institutional Trading of Gold Resource

Hedge funds and other institutional investors have recently bought and sold shares of the company. XTX Topco Ltd boosted its stake in shares of Gold Resource by 47.5% during the fourth quarter. XTX Topco Ltd now owns 138,592 shares of the company’s stock valued at $115,000 after purchasing an additional 44,644 shares during the period. Virtu Financial LLC grew its holdings in Gold Resource by 123.1% in the 3rd quarter. Virtu Financial LLC now owns 132,471 shares of the company’s stock worth $111,000 after acquiring an additional 73,101 shares during the last quarter. State Street Corp increased its position in shares of Gold Resource by 16.8% in the fourth quarter. State Street Corp now owns 559,416 shares of the company’s stock valued at $463,000 after acquiring an additional 80,600 shares during the period. Vanguard Group Inc. increased its holdings in Gold Resource by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,148,795 shares of the company’s stock valued at $5,140,000 after purchasing an additional 91,241 shares during the period. Finally, Captrust Financial Advisors purchased a new position in shares of Gold Resource during the second quarter valued at approximately $56,000. Hedge funds and other institutional investors own 18.38% of the company’s stock.

Gold Resource Company Profile

Gold Resource Corporation (NYSE: GORO) is a Denver, Colorado–based precious metals producer focused on gold and silver mining and processing. The company’s principal operations are located in Oaxaca State, Mexico, where it holds 100% interest in the Arista underground mine and the El Águila tailings reprocessing facility. Gold Resource’s Mexican operations are complemented by corporate and administrative offices in Denver and field offices in Mexico City.

At the Arista mine, Gold Resource conducts underground mining of high-grade gold and silver veins, producing doré bars and metal concentrates that are shipped to third-party smelters.