Gold Resource (NYSE:GORO) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Gold Resource (NYSE:GORO) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

Gold Resource Stock Up 0.5 %

Gold Resource stock opened at $0.35 on Thursday. The stock has a market cap of $33.54 million, a PE ratio of -0.72 and a beta of 1.53. Gold Resource has a 12-month low of $0.12 and a 12-month high of $0.71. The business’s 50-day moving average price is $0.29 and its two-hundred day moving average price is $0.30.

Institutional Trading of Gold Resource

A hedge fund recently raised its stake in Gold Resource stock. Jane Street Group LLC grew its position in Gold Resource Co. (NYSE:GORO) by 669.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 178,903 shares of the company’s stock after acquiring an additional 155,664 shares during the period. Jane Street Group LLC owned 0.19% of Gold Resource worth $41,000 as of its most recent filing with the SEC. 18.38% of the stock is owned by hedge funds and other institutional investors.

Gold Resource Company Profile

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.