Gold Resource (NYSE:GORO) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Gold Resource (NYSE:GORO) in a research note issued to investors on Friday. The firm set a “hold” rating on the stock.

Gold Resource Price Performance

Shares of NYSE GORO opened at $0.37 on Friday. Gold Resource has a 1-year low of $0.12 and a 1-year high of $0.71. The business’s fifty day moving average price is $0.30 and its two-hundred day moving average price is $0.30. The firm has a market capitalization of $35.50 million, a PE ratio of -0.76 and a beta of 1.53.

Institutional Investors Weigh In On Gold Resource

Several large investors have recently added to or reduced their stakes in GORO. Jane Street Group LLC increased its holdings 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 valued at $41,000 after purchasing an additional 155,664 shares during the period. Shay Capital LLC increased its holdings 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 valued at $58,000 after purchasing an additional 134,077 shares during the period. The Manufacturers Life Insurance Company acquired a new position in shares of Gold Resource during the third quarter valued at $110,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Gold Resource during the fourth quarter valued at $119,000. 18.38% of the stock is owned by institutional investors and hedge funds.

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.