Richard M. Irvine Sells 20,000 Shares of Gold Resource Co. (GORO) Stock
Gold Resource Co. (NYSEAMERICAN:GORO) COO Richard M. Irvine sold 20,000 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $5.00, for a total value of $100,000.00. Following the sale, the chief operating officer now directly owns 51,244 shares in the company, valued at approximately $256,220. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Gold Resource stock traded down $0.05 during mid-day trading on Friday, hitting $5.06. 24,446 shares of the company’s stock were exchanged, compared to its average volume of 377,671. Gold Resource Co. has a fifty-two week low of $3.52 and a fifty-two week high of $7.33.
Gold Resource (NYSEAMERICAN:GORO) last issued its quarterly earnings data on Tuesday, July 31st. The basic materials company reported $0.06 EPS for the quarter. The business had revenue of $30.77 million for the quarter. Gold Resource had a return on equity of 15.94% and a net margin of 14.72%.
Separately, TheStreet downgraded Gold Resource from a “b-” rating to a “c+” rating in a research note on Thursday, August 16th.
A number of institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp raised its stake in Gold Resource by 3.2% during the 1st quarter. Van ECK Associates Corp now owns 4,272,515 shares of the basic materials company’s stock worth $19,269,000 after buying an additional 133,713 shares during the period. BlackRock Inc. raised its stake in Gold Resource by 13.5% during the 2nd quarter. BlackRock Inc. now owns 3,679,454 shares of the basic materials company’s stock worth $24,248,000 after buying an additional 436,705 shares during the period. Dimensional Fund Advisors LP raised its stake in Gold Resource by 21.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,598,321 shares of the basic materials company’s stock worth $10,533,000 after buying an additional 279,465 shares during the period. Renaissance Technologies LLC raised its stake in Gold Resource by 23.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,381,200 shares of the basic materials company’s stock worth $9,102,000 after buying an additional 261,200 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its stake in Gold Resource by 20.9% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 1,023,154 shares of the basic materials company’s stock worth $6,743,000 after buying an additional 176,854 shares during the period.
About Gold Resource
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 El Aguila project comprising 19 mining concessions aggregating approximately 30,215 hectares located in the State of Oaxaca.
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