Martingale Asset Management L P increased its position in Gold Resource Co. (NYSEAMERICAN:GORO) by 330.9% in the 1st quarter, Holdings Channel reports. The firm owned 342,130 shares of the basic materials company’s stock after buying an additional 262,724 shares during the period. Martingale Asset Management L P’s holdings in Gold Resource were worth $1,345,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of GORO. Chartwell Investment Partners LLC increased its position in Gold Resource by 41.2% in the 4th quarter. Chartwell Investment Partners LLC now owns 3,249,155 shares of the basic materials company’s stock valued at $12,997,000 after acquiring an additional 948,086 shares during the period. Vanguard Group Inc. increased its position in Gold Resource by 9.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,974,634 shares of the basic materials company’s stock valued at $15,290,000 after acquiring an additional 247,470 shares during the period. Dimensional Fund Advisors LP increased its position in Gold Resource by 6.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,842,390 shares of the basic materials company’s stock valued at $7,370,000 after acquiring an additional 109,361 shares during the period. Geode Capital Management LLC increased its position in Gold Resource by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 586,707 shares of the basic materials company’s stock valued at $2,346,000 after acquiring an additional 40,279 shares during the period. Finally, Morgan Stanley increased its position in Gold Resource by 64.7% in the 3rd quarter. Morgan Stanley now owns 474,232 shares of the basic materials company’s stock valued at $2,438,000 after acquiring an additional 186,247 shares during the period.

NYSEAMERICAN GORO opened at $2.92 on Tuesday. Gold Resource Co. has a 12-month low of $2.73 and a 12-month high of $7.33.

Gold Resource (NYSEAMERICAN:GORO) last released its earnings results on Tuesday, May 7th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $26.58 million for 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 given a dividend of $0.0017 per share. This represents a $0.02 annualized dividend and a yield of 0.69%. The ex-dividend date is Monday, June 10th.

Several brokerages recently issued reports on GORO. HC Wainwright restated a “buy” rating and issued a $7.75 price target on shares of Gold Resource in a research report on Wednesday, May 29th. Zacks Investment Research cut Gold Resource from a “hold” rating to a “sell” rating in a research report on Thursday, May 30th.

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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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Want to see what other hedge funds are holding GORO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gold Resource Co. (NYSEAMERICAN:GORO).

Institutional Ownership by Quarter for Gold Resource (NYSEAMERICAN:GORO)

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