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

Stock analysts at StockNews.com began coverage on shares of Gold Resource (NYSE:GORO) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the stock.

Gold Resource Stock Performance

Shares of GORO stock opened at $0.47 on Friday. Gold Resource has a fifty-two week low of $0.12 and a fifty-two week high of $0.71. The firm has a market capitalization of $44.76 million, a price-to-earnings ratio of -0.96 and a beta of 1.53. The stock’s 50-day simple moving average is $0.33 and its 200-day simple moving average is $0.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Shay Capital LLC increased its position in shares of Gold Resource by 114.1% in the 4th quarter. Shay Capital LLC now owns 251,550 shares of the company’s stock valued at $58,000 after acquiring an additional 134,077 shares during the period. Jane Street Group LLC lifted its position in Gold Resource by 669.8% during the 4th quarter. Jane Street Group LLC now owns 178,903 shares of the company’s stock worth $41,000 after acquiring an additional 155,664 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in Gold Resource during the 3rd quarter valued at about $110,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Gold Resource in the fourth quarter valued at about $119,000. Hedge funds and other institutional investors own 18.38% of the company’s stock.

About Gold Resource

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.