Gold Resource (NYSE:GORO) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Gold Resource (NYSE:GORO) in a research report sent to investors on Friday morning. The brokerage issued a hold rating on the stock.

Gold Resource Stock Up 4.8 %

Gold Resource stock opened at $0.39 on Friday. The company has a fifty day simple moving average of $0.31 and a 200-day simple moving average of $0.29. The firm has a market capitalization of $37.21 million, a price-to-earnings ratio of -0.80 and a beta of 1.53. Gold Resource has a 52-week low of $0.12 and a 52-week high of $0.71.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new position in shares of Gold Resource during the 3rd quarter valued at about $110,000. Squarepoint Ops LLC acquired a new position in shares of Gold Resource during the 4th quarter valued at about $119,000. Jane Street Group LLC boosted its position in shares of Gold Resource by 669.8% during the 4th quarter. Jane Street Group LLC now owns 178,903 shares of the company’s stock valued at $41,000 after acquiring an additional 155,664 shares during the last quarter. Finally, Shay Capital LLC boosted its position in shares of Gold Resource by 114.1% during the 4th quarter. Shay Capital LLC now owns 251,550 shares of the company’s stock valued at $58,000 after acquiring an additional 134,077 shares during the last quarter. Institutional investors and hedge funds own 18.38% of the company’s stock.

About Gold Resource

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.