The Manufacturers Life Insurance Company Invests $110,000 in Gold Resource Co. (NYSE:GORO)

The Manufacturers Life Insurance Company bought a new position in Gold Resource Co. (NYSE:GORO) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 315,978 shares of the company’s stock, valued at approximately $110,000. The Manufacturers Life Insurance Company owned approximately 0.33% of Gold Resource as of its most recent filing with the Securities & Exchange Commission.

Separately, Renaissance Technologies LLC raised its stake in shares of Gold Resource by 6.8% during the second quarter. Renaissance Technologies LLC now owns 1,496,390 shares of the company’s stock worth $559,000 after acquiring an additional 95,300 shares in the last quarter. 18.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Gold Resource in a research note on Wednesday, December 11th. They issued a “hold” rating for the company.

Gold Resource Trading Down 9.7 %

GORO opened at $0.16 on Tuesday. Gold Resource Co. has a 12 month low of $0.12 and a 12 month high of $0.71. The business’s 50-day moving average price is $0.22 and its 200-day moving average price is $0.34. The company has a market cap of $15.49 million, a P/E ratio of -0.33 and a beta of 1.60.

Gold Resource (NYSE:GORO) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.06). Gold Resource had a negative return on equity of 35.25% and a negative net margin of 61.31%. The company had revenue of $13.27 million for the quarter. Equities research analysts forecast that Gold Resource Co. will post -0.38 earnings per share for the current fiscal year.

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.