Gold Resource Co. (NYSE:GORO – Get Free Report)’s stock price was down 5.5% during mid-day trading on Tuesday. The stock traded as low as $3.18 and last traded at $3.1750. 969,488 shares changed hands during trading, a decline of 73% from the average daily volume of 3,653,688 shares. The stock had previously closed at $3.36.
Gold Resource Stock Performance
The business has a 50 day moving average price of $3.11 and a two-hundred day moving average price of $1.98. The stock has a market cap of $520.48 million, a PE ratio of -6.57 and a beta of 1.06.
Institutional Investors Weigh In On Gold Resource
Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE bought a new stake in shares of Gold Resource during the 2nd quarter valued at about $119,000. Ancora Advisors LLC purchased a new position in shares of Gold Resource in the second quarter valued at about $38,000. Cable Car Capital LP purchased a new position in shares of Gold Resource during the second quarter valued at approximately $46,000. The Manufacturers Life Insurance Company purchased a new position in shares of Gold Resource during the second quarter valued at about $52,000. Finally, BlackRock Inc. bought a new stake in shares of Gold Resource during the second quarter valued at approximately $13,484,000. Hedge funds and other institutional investors own 18.38% of the company’s stock.
Gold Resource Company Profile
Gold Resource Corporation is a mining company focused on the exploration, development, and production of gold and silver. The company’s activities include operating mines, advancing mineral projects, and evaluating additional opportunities to expand its precious-metals portfolio.
Gold Resource has historically operated in Mexico through its Don David Gold Mexico subsidiary. Its Oaxaca Mining Unit includes the Arista underground mine and related infrastructure, including processing facilities and exploration targets in the state of Oaxaca.
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