Equities research analysts at StockNews.com began coverage on shares of Gold Resource (NYSE:GORO – Get Free Report) in a note issued to investors on Tuesday. The firm set a “sell” rating on the stock.
Separately, HC Wainwright decreased their target price on shares of Gold Resource from $1.75 to $1.25 and set a “buy” rating on the stock in a research note on Friday, March 7th.
Check Out Our Latest Analysis on Gold Resource
Gold Resource Trading Down 6.6 %
Institutional Trading of Gold Resource
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Shay Capital LLC raised its holdings in Gold Resource by 114.1% in 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 during the last quarter. Jane Street Group LLC lifted its holdings in shares of Gold Resource by 669.8% during the fourth 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 during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Gold Resource in the third quarter worth $110,000. Finally, Squarepoint Ops LLC acquired a new stake in Gold Resource in the fourth quarter valued at $119,000. 18.38% of the stock is currently owned by institutional investors.
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.
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