Gold Resource (NYSE:GORO) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Gold Resource (NYSE:GORO) in a research note released on Sunday morning. The firm issued a sell rating on the stock.

Separately, HC Wainwright dropped their price target 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 Stock Up 7.1 %

Shares of GORO opened at $0.55 on Friday. The firm has a market cap of $52.90 million, a PE ratio of -1.13 and a beta of 1.39. The company’s fifty day moving average is $0.37 and its two-hundred day moving average is $0.30. Gold Resource has a fifty-two week low of $0.12 and a fifty-two week high of $0.74.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GORO. The Manufacturers Life Insurance Company acquired a new position in Gold Resource during the 3rd quarter valued at about $110,000. Jane Street Group LLC lifted its stake in 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 last quarter. Shay Capital LLC raised 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 acquiring an additional 134,077 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of Gold Resource during the fourth quarter valued at approximately $119,000. 18.38% of the stock is owned by institutional investors and hedge funds.

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.