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

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

Separately, HC Wainwright dropped their price objective 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, March 7th.

Gold Resource Trading Up 1.0 %

NYSE:GORO opened at $0.55 on Tuesday. The stock has a fifty day moving average price of $0.42 and a 200 day moving average price of $0.31. The firm has a market cap of $52.07 million, a PE ratio of -1.11 and a beta of 1.39. Gold Resource has a 12-month low of $0.12 and a 12-month high of $0.74.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GORO. Jane Street Group LLC lifted its stake in shares of Gold Resource by 669.8% during the fourth quarter. Jane Street Group LLC now owns 178,903 shares of the company’s stock worth $41,000 after purchasing an additional 155,664 shares in the last quarter. Shay Capital LLC lifted its stake in Gold Resource by 114.1% during the fourth quarter. Shay Capital LLC now owns 251,550 shares of the company’s stock valued at $58,000 after purchasing an additional 134,077 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Gold Resource in the 3rd quarter valued at approximately $110,000. Finally, Squarepoint Ops LLC purchased a new stake in Gold Resource in the 4th quarter worth approximately $119,000. Hedge funds and other 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.