Gold Resource Co. (NYSE:GORO – Get Free Report) fell 5.1% during mid-day trading on Tuesday. The company traded as low as $3.32 and last traded at $3.2550. 80,158 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 3,524,096 shares. The stock had previously closed at $3.43.
Gold Resource Price Performance
The firm’s fifty day moving average is $3.30 and its 200 day moving average is $2.10. The firm has a market capitalization of $530.19 million, a price-to-earnings ratio of -6.68 and a beta of 1.06.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of GORO. BlackRock Inc. acquired a new stake in Gold Resource during the second quarter worth about $13,484,000. Sei Investments Co. bought a new position in Gold Resource during the 1st quarter valued at about $741,000. Bank of New York Mellon Corp acquired a new position in shares of Gold Resource in the 2nd quarter worth approximately $454,000. Bank of America Corp DE boosted its stake in Gold Resource by 12,110.2% in the first quarter. Bank of America Corp DE now owns 202,445 shares of the company’s stock worth $243,000 after purchasing an additional 200,787 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in Gold Resource during the 2nd quarter worth about $206,000. Institutional investors own 18.38% of the company’s stock.
Gold Resource Company Profile
Gold Resource Corporation is a precious metals exploration, development and production company focused primarily on gold and silver assets in Mexico. The company’s principal operation is the Don David Gold Mine in the state of Oaxaca, which includes underground and open-pit mining areas and produces gold and silver concentrates and doré.
Don David Gold’s operations are centered on the high-grade Arista underground mine and other deposits within the company’s Oaxaca Mining Unit. Gold Resource also conducts exploration and resource-development activities across its Mexican land package to identify additional mineralized zones and extend the life of its operations.
Gold Resource was established in 1998 and historically held a broader portfolio of precious metals properties in Mexico and the United States.
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