Renaissance Technologies LLC Reduces Stock Holdings in Gold Resource Co. $GORO

Renaissance Technologies LLC lowered its stake in shares of Gold Resource Co. (NYSE:GORO) by 91.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 145,693 shares of the company’s stock after selling 1,472,722 shares during the quarter. Renaissance Technologies LLC’s holdings in Gold Resource were worth $175,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Gold Resource by 61.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,325,501 shares of the company’s stock worth $1,185,000 after buying an additional 881,701 shares during the period. Jane Street Group LLC raised its stake in shares of Gold Resource by 165.2% in the first quarter. Jane Street Group LLC now owns 474,468 shares of the company’s stock valued at $242,000 after acquiring an additional 295,565 shares during the period. Geode Capital Management LLC raised its stake in shares of Gold Resource by 39.9% in the second quarter. Geode Capital Management LLC now owns 1,381,916 shares of the company’s stock valued at $843,000 after acquiring an additional 394,028 shares during the period. Captrust Financial Advisors bought a new stake in shares of Gold Resource in the 2nd quarter worth about $56,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Gold Resource by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,148,795 shares of the company’s stock worth $5,140,000 after acquiring an additional 91,241 shares during the last quarter. 18.38% of the stock is currently owned by institutional investors.

Gold Resource Trading Up 6.0%

GORO stock opened at $3.00 on Friday. The stock has a market cap of $485.67 million, a PE ratio of -6.12 and a beta of 1.06. Gold Resource Co. has a 12 month low of $0.44 and a 12 month high of $4.00. The company has a 50-day moving average price of $1.84 and a 200 day moving average price of $1.55.

About Gold Resource

Gold Resource Corporation (NYSE: GORO) is a Denver, Colorado–based precious metals producer focused on gold and silver mining and processing. The company’s principal operations are located in Oaxaca State, Mexico, where it holds 100% interest in the Arista underground mine and the El Águila tailings reprocessing facility. Gold Resource’s Mexican operations are complemented by corporate and administrative offices in Denver and field offices in Mexico City.

At the Arista mine, Gold Resource conducts underground mining of high-grade gold and silver veins, producing doré bars and metal concentrates that are shipped to third-party smelters.