Gold Resource (NYSE:GORO) Upgraded at Zacks Research

Zacks Research upgraded shares of Gold Resource (NYSE:GORO) to a hold rating in a research note released on Thursday,Zacks.com reports.

Separately, HC Wainwright cut their price target on shares of Gold Resource from $2.00 to $1.75 and set a “buy” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1.75.

Gold Resource Stock Performance

Shares of GORO opened at $0.99 on Thursday. The stock has a 50 day simple moving average of $1.44 and a 200 day simple moving average of $1.03. Gold Resource has a 52-week low of $0.34 and a 52-week high of $1.87. The firm has a market capitalization of $159.37 million, a PE ratio of -2.01 and a beta of 0.81.

Institutional Trading of Gold Resource

A number of institutional investors have recently modified their holdings of GORO. Captrust Financial Advisors bought a new position in shares of Gold Resource during the second quarter worth about $56,000. Alps Advisors Inc. bought a new stake in Gold Resource in the 4th quarter valued at approximately $105,000. Virtu Financial LLC lifted its stake in Gold Resource by 123.1% in the 3rd quarter. Virtu Financial LLC now owns 132,471 shares of the company’s stock valued at $111,000 after acquiring an additional 73,101 shares in the last quarter. XTX Topco Ltd boosted its position in Gold Resource by 47.5% during the 4th quarter. XTX Topco Ltd now owns 138,592 shares of the company’s stock worth $115,000 after acquiring an additional 44,644 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Gold Resource by 165.2% during the 1st quarter. Jane Street Group LLC now owns 474,468 shares of the company’s stock worth $242,000 after acquiring an additional 295,565 shares during the last quarter. 18.38% of the stock is currently owned by institutional investors.

About Gold Resource

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.