Investors Purchase Large Volume of Gold Resource Call Options (NYSE:GORO)

Gold Resource Co. (NYSE:GORO) was the target of some unusual options trading activity on Thursday. Stock traders acquired 3,609 call options on the stock. This represents an increase of approximately 2,170% compared to the typical volume of 159 call options.

Gold Resource Stock Performance

Shares of GORO stock traded down $0.02 during mid-day trading on Friday, reaching $0.36. The company’s stock had a trading volume of 1,927,171 shares, compared to its average volume of 2,104,982. The firm’s 50-day moving average is $0.21 and its two-hundred day moving average is $0.31. Gold Resource has a 1-year low of $0.12 and a 1-year high of $0.71. The company has a market cap of $33.95 million, a P/E ratio of -0.73 and a beta of 1.48.

Gold Resource (NYSE:GORO) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $13.27 million for the quarter. Sell-side analysts anticipate that Gold Resource will post -0.38 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Gold Resource in a report on Sunday, January 12th. They set a “hold” rating on the stock.

Institutional Investors Weigh In On Gold Resource

A hedge fund recently bought a new stake in Gold Resource stock. The Manufacturers Life Insurance Company purchased a new stake in shares of Gold Resource Co. (NYSE:GORO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 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 at the end of the most recent reporting period. Institutional investors and hedge funds 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.