Gold Resource Co. (NYSE:GORO – Get Free Report) shares rose 4.4% on Friday. The company traded as high as $3.44 and last traded at $3.4750. 194,782 shares were traded during trading, a decline of 94% from the average session volume of 3,491,878 shares. The stock had previously closed at $3.33.
Gold Resource Stock Performance
The firm has a market capitalization of $549.62 million, a P/E ratio of -6.93 and a beta of 1.06. The business has a fifty day moving average of $3.37 and a 200-day moving average of $2.14.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of GORO. BlackRock Inc. acquired a new position in shares of Gold Resource during the second quarter valued at $13,484,000. Sei Investments Co. acquired a new stake in Gold Resource in the first quarter worth about $741,000. Bank of New York Mellon Corp bought a new position in Gold Resource in the 2nd quarter valued at about $454,000. Bank of America Corp DE grew its position in Gold Resource by 12,110.2% in the 1st quarter. Bank of America Corp DE now owns 202,445 shares of the company’s stock valued at $243,000 after buying an additional 200,787 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in Gold Resource during the 2nd quarter valued at 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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