Gold Resource (NYSE:GORO) Now Covered by StockNews.com

Equities researchers at StockNews.com began coverage on shares of Gold Resource (NYSE:GORO) in a research report issued to clients and investors on Tuesday. The brokerage set a “sell” rating on the stock.

Separately, HC Wainwright cut 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 report on Friday, March 7th.

Gold Resource Stock Performance

NYSE:GORO opened at $0.56 on Tuesday. The firm’s fifty day moving average is $0.43 and its 200-day moving average is $0.32. Gold Resource has a 52 week low of $0.12 and a 52 week high of $0.74. The firm has a market cap of $52.91 million, a P/E ratio of -1.13 and a beta of 1.39.

Hedge Funds Weigh In On Gold Resource

A number of institutional investors and hedge funds have recently modified their holdings of GORO. Squarepoint Ops LLC acquired a new position in shares of Gold Resource during the 4th quarter valued at $119,000. Shay Capital LLC increased its stake in Gold Resource by 114.1% during the 4th 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 in the last quarter. Jane Street Group LLC raised its holdings in Gold Resource by 669.8% during the fourth quarter. Jane Street Group LLC now owns 178,903 shares of the company’s stock worth $41,000 after buying an additional 155,664 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Gold Resource in the third quarter valued at $110,000. 18.38% of the stock is currently owned by institutional investors.

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.