Mirae Asset Global Investments Co. Ltd. Lowers Stock Position in Gold Resource Co. (NYSE:GORO)

Mirae Asset Global Investments Co. Ltd. cut its position in shares of Gold Resource Co. (NYSE:GORO) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,128,619 shares of the company’s stock after selling 75,675 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 2.41% of Gold Resource worth $800,000 as of its most recent filing with the SEC.

Separately, Perritt Capital Management Inc. boosted its holdings in Gold Resource by 200.0% during the third quarter. Perritt Capital Management Inc. now owns 300,000 shares of the company’s stock worth $128,000 after buying an additional 200,000 shares in the last quarter. 18.38% of the stock is owned by institutional investors and hedge funds.

Gold Resource Trading Down 6.0 %

GORO opened at $0.47 on Thursday. The firm has a market cap of $41.73 million, a price-to-earnings ratio of -2.77 and a beta of 1.61. Gold Resource Co. has a 52-week low of $0.22 and a 52-week high of $0.99.

Gold Resource (NYSE:GORO) last posted its quarterly earnings data on Wednesday, March 13th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $21.14 million for the quarter. Gold Resource had a negative net margin of 16.39% and a negative return on equity of 15.48%. On average, research analysts anticipate that Gold Resource Co. will post -0.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GORO has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on shares of Gold Resource in a report on Monday, April 8th. They set a “sell” rating on the stock. HC Wainwright lowered their price target on shares of Gold Resource from $1.75 to $1.50 and set a “buy” rating on the stock in a report on Friday, March 15th.

Gold Resource 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.