Gold Resource (GORO) Shares Down 1.7%

Gold Resource Co. (NYSEAMERICAN:GORO) fell 1.7% on Monday . The company traded as low as $2.96 and last traded at $2.92. 9,852 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 534,314 shares. The stock had previously closed at $2.97.

Separately, HC Wainwright reissued a “buy” rating and issued a $7.75 price target on shares of Gold Resource in a research report on Wednesday, May 8th.

Gold Resource (NYSEAMERICAN:GORO) last announced its earnings results on Tuesday, May 7th. The basic materials company reported $0.01 EPS for the quarter. The business had revenue of $26.58 million during the quarter.

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Monday, May 13th will be issued a $0.0017 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.67%.

Several large investors have recently made changes to their positions in GORO. Brickley Wealth Management purchased a new stake in shares of Gold Resource in the fourth quarter valued at about $40,000. BNP Paribas Arbitrage SA raised its holdings 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. purchased a new stake in shares of Gold Resource in the first quarter valued at about $48,000. First Republic Investment Management Inc. purchased a new stake in shares of Gold Resource in the first quarter valued at about $49,000. Finally, Metropolitan Life Insurance Co. NY raised its holdings 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.

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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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