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

StockNews.com began coverage on shares of Gold Resource (NYSE:GORO) in a research note published on Friday morning. The brokerage issued a hold rating on the stock.

Gold Resource Price Performance

NYSE:GORO opened at $0.39 on Friday. Gold Resource has a 1-year low of $0.12 and a 1-year high of $0.71. The company has a market capitalization of $37.21 million, a PE ratio of -0.80 and a beta of 1.53. The firm’s 50-day moving average price is $0.31 and its 200-day moving average price is $0.30.

Hedge Funds Weigh In On Gold Resource

Large investors have recently made changes to their positions in the business. Shay Capital LLC increased its position in 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 buying an additional 134,077 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Gold Resource by 669.8% in the fourth quarter. Jane Street Group LLC now owns 178,903 shares of the company’s stock worth $41,000 after acquiring an additional 155,664 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Gold Resource during the third quarter valued at $110,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Gold Resource in the 4th quarter worth about $119,000. 18.38% of the stock is currently owned by hedge funds and other institutional investors.

Gold Resource Company 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.