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

Research analysts at StockNews.com began coverage on shares of Gold Resource (NYSE:GORO) in a research note issued on Sunday. The firm set a “sell” rating on the stock.

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

Gold Resource Stock Down 12.9 %

Shares of NYSE GORO opened at $0.52 on Friday. Gold Resource has a 12-month low of $0.12 and a 12-month high of $0.74. The firm’s 50-day simple moving average is $0.36 and its 200 day simple moving average is $0.30. The company has a market cap of $49.81 million, a price-to-earnings ratio of -1.07 and a beta of 1.39.

Hedge Funds Weigh In On Gold Resource

Hedge funds have recently added to or reduced their stakes in the company. Squarepoint Ops LLC acquired a new position in Gold Resource during the 4th quarter valued at about $119,000. Shay Capital LLC raised its stake in shares of Gold Resource by 114.1% during the fourth quarter. Shay Capital LLC now owns 251,550 shares of the company’s stock worth $58,000 after buying an additional 134,077 shares during the last quarter. Jane Street Group LLC lifted 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 valued at $41,000 after buying an additional 155,664 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in Gold Resource in the third quarter valued at approximately $110,000. 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.