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

StockNews.com initiated coverage on shares of Gold Resource (NYSE:GORO) in a report issued on Friday. The brokerage issued a hold rating on the stock.

Gold Resource Trading Up 4.8 %

Shares of NYSE:GORO opened at $0.39 on Friday. The company has a 50-day moving average price of $0.31 and a 200-day moving average price of $0.30. The company has a market cap of $37.21 million, a price-to-earnings ratio of -0.80 and a beta of 1.53. Gold Resource has a 12 month low of $0.12 and a 12 month high of $0.71.

Institutional Investors Weigh In On Gold Resource

Large investors have recently made changes to their positions in the business. Shay Capital LLC lifted its stake in Gold Resource by 114.1% in the fourth quarter. Shay Capital LLC now owns 251,550 shares of the company’s stock worth $58,000 after acquiring an additional 134,077 shares during the period. Jane Street Group LLC raised its holdings in Gold Resource by 669.8% in the 4th quarter. Jane Street Group LLC now owns 178,903 shares of the company’s stock worth $41,000 after purchasing an additional 155,664 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Gold Resource in the 3rd quarter worth about $110,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Gold Resource during the 4th quarter valued at about $119,000. 18.38% of the stock is currently owned by institutional investors.

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.