Investors Purchase High Volume of Call Options on Gold Resource (NYSE:GORO)

Gold Resource Co. (NYSE:GORO) saw unusually large options trading activity on Thursday. Investors bought 3,609 call options on the stock. This is an increase of 2,170% compared to the average volume of 159 call options.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Gold Resource in a research note on Sunday. They issued a “hold” rating for the company.

Gold Resource Stock Down 6.9 %

Shares of GORO traded down $0.03 during trading hours on Thursday, hitting $0.36. 5,735,990 shares of the company were exchanged, compared to its average volume of 3,754,688. Gold Resource has a fifty-two week low of $0.12 and a fifty-two week high of $0.71. The company has a market cap of $34.51 million, a price-to-earnings ratio of -0.74 and a beta of 1.48. The firm’s fifty day moving average is $0.20 and its 200 day moving average is $0.31.

Gold Resource (NYSE:GORO) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). The firm had revenue of $13.27 million for the quarter. Gold Resource had a negative return on equity of 35.25% and a negative net margin of 61.31%. Analysts anticipate that Gold Resource will post -0.38 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Gold Resource stock. Renaissance Technologies LLC raised its holdings in Gold Resource Co. (NYSE:GORO) by 6.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,496,390 shares of the company’s stock after purchasing an additional 95,300 shares during the quarter. Renaissance Technologies LLC owned 1.65% of Gold Resource worth $559,000 as of its most recent SEC filing. 18.38% of the stock is owned by institutional investors.

Gold Resource Company Profile

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.