Gold Resource Co. (NYSE:GORO – Get Free Report)’s stock price reached a new 52-week high on Monday . The company traded as high as $4.00 and last traded at $3.1540, with a volume of 4449522 shares traded. The stock had previously closed at $0.9975.
Gold Resource Trading Up 8.5%
The company’s 50 day moving average price is $1.34 and its 200-day moving average price is $1.37. The company has a market capitalization of $453.13 million, a PE ratio of -6.05 and a beta of 1.02.
Institutional Investors Weigh In On Gold Resource
A number of institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors purchased a new position in shares of Gold Resource in the 2nd quarter worth about $56,000. Alps Advisors Inc. acquired a new position in shares of Gold Resource in the 4th quarter valued at about $105,000. Virtu Financial LLC increased its position in Gold Resource by 123.1% during the 3rd quarter. Virtu Financial LLC now owns 132,471 shares of the company’s stock worth $111,000 after purchasing an additional 73,101 shares in the last quarter. XTX Topco Ltd raised its holdings in Gold Resource by 47.5% in the fourth quarter. XTX Topco Ltd now owns 138,592 shares of the company’s stock valued at $115,000 after buying an additional 44,644 shares during the period. Finally, Jane Street Group LLC raised its holdings in 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 buying an additional 295,565 shares during the period. Hedge funds and other institutional investors own 18.38% of the company’s stock.
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.
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