Gold Resource (NYSEAMERICAN:GORO) Trading Up 6.2%
Shares of Gold Resource Co. (NYSEAMERICAN:GORO) were up 6.2% during trading on Thursday . The company traded as high as $3.79 and last traded at $3.77, approximately 1,611,180 shares changed hands during trading. An increase of 159% from the average daily volume of 622,071 shares. The stock had previously closed at $3.55.
A number of analysts recently commented on GORO shares. Roth Capital reissued a “buy” rating on shares of Gold Resource in a report on Tuesday, June 11th. Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday. Finally, HC Wainwright boosted their price objective on shares of Cara Therapeutics from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th.
Gold Resource (NYSEAMERICAN:GORO) last released its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.01 EPS for the quarter. The company had revenue of $26.58 million for the quarter.
In other Gold Resource news, Director Kimberly C. Perry purchased 20,000 shares of Gold Resource stock in a transaction on Thursday, June 20th. The shares were bought at an average price of $3.24 per share, with a total value of $64,800.00. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at $64,800. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Several hedge funds and other institutional investors have recently made changes to their positions in GORO. BNP Paribas Arbitrage SA raised its position in shares of Gold Resource by 483.7% in the first quarter. BNP Paribas Arbitrage SA now owns 12,252 shares of the basic materials company’s stock valued at $48,000 after buying an additional 10,153 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Gold Resource in the first quarter valued at approximately $48,000. First Republic Investment Management Inc. acquired a new position in shares of Gold Resource in the first quarter valued at approximately $49,000. Metropolitan Life Insurance Co. NY raised its position in shares of Gold Resource by 362.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 18,528 shares of the basic materials company’s stock valued at $74,000 after buying an additional 14,525 shares during the last quarter. Finally, Raymond James & Associates raised its position in shares of Gold Resource by 17.0% in the fourth quarter. Raymond James & Associates now owns 23,456 shares of the basic materials company’s stock valued at $94,000 after buying an additional 3,401 shares during the last quarter.
Gold Resource Company Profile (NYSEAMERICAN:GORO)
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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