Gold Resource (NYSE:GORO) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Gold Resource (NYSE:GORO) in a note issued to investors on Sunday. The brokerage set a “sell” rating on the stock.

Separately, HC Wainwright dropped their target price on Gold Resource from $1.75 to $1.25 and set a “buy” rating on the stock in a research report on Friday.

Gold Resource Price Performance

GORO stock opened at $0.52 on Friday. Gold Resource has a 1-year low of $0.12 and a 1-year high of $0.74. The firm has a fifty day moving average price of $0.37 and a two-hundred day moving average price of $0.30. The firm has a market cap of $49.37 million, a price-to-earnings ratio of -1.06 and a beta of 1.39.

Hedge Funds Weigh In On Gold Resource

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