Zacks Investment Research lowered shares of Gold Resource (NYSEAMERICAN:GORO) from a hold rating to a sell rating in a research note released on Thursday, Zacks.com reports.

According to Zacks, “Gold Resource Corporation is a mining company focused on production and pursuing development of select, high-grade gold and silver projects that feature low operation costs and produce high returns on capital. The Company has 100% interest in four potential high-grade gold and silver properties in Mexico’s southern state of Oaxaca. The Company has an interest in four properties, the El Aguila property, the Las Margaritas property, the El Rey property and the Solaga property. All of these properties are in the exploration stage and have no probable reserves. The company is based in Denver, Colorado. “

Separately, HC Wainwright reiterated a buy rating and issued a $7.75 price target on shares of Gold Resource in a research note on Wednesday, May 29th.

Shares of GORO stock opened at $2.84 on Thursday. Gold Resource has a 1 year low of $2.73 and a 1 year high of $7.33.

Gold Resource (NYSEAMERICAN:GORO) last issued its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $26.58 million during the quarter.

The firm also recently announced a monthly dividend, which will be paid on Monday, June 24th. Shareholders of record on Tuesday, June 11th will be paid a dividend of $0.0017 per share. This represents a $0.02 annualized dividend and a yield of 0.71%. The ex-dividend date is Monday, June 10th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Chartwell Investment Partners LLC lifted its stake in Gold Resource by 41.2% during the fourth quarter. Chartwell Investment Partners LLC now owns 3,249,155 shares of the basic materials company’s stock worth $12,997,000 after purchasing an additional 948,086 shares during the last quarter. Vanguard Group Inc lifted its stake in Gold Resource by 9.1% during the third quarter. Vanguard Group Inc now owns 2,974,634 shares of the basic materials company’s stock worth $15,290,000 after purchasing an additional 247,470 shares during the last quarter. Vanguard Group Inc. lifted its stake in Gold Resource by 9.1% during the third quarter. Vanguard Group Inc. now owns 2,974,634 shares of the basic materials company’s stock worth $15,290,000 after purchasing an additional 247,470 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Gold Resource by 9.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,013,229 shares of the basic materials company’s stock worth $7,912,000 after purchasing an additional 170,839 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Gold Resource by 69.4% in the 1st quarter. Wells Fargo & Company MN now owns 834,287 shares of the basic materials company’s stock valued at $3,279,000 after acquiring an additional 341,749 shares during the last quarter.

Gold Resource Company Profile

Gold Resource Corporation explores for, develops, produces, and sells gold and silver in Mexico and the United States. It also explores for copper, lead, and zinc. The company's flagship property is the Aguila project comprising 18 mining concessions aggregating approximately 25,264 hectares located in the State of Oaxaca, Mexico.

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