Perritt Capital Management Inc. Buys New Position in Gold Resource Co. (NYSEAMERICAN:GORO)

Perritt Capital Management Inc. bought a new stake in shares of Gold Resource Co. (NYSEAMERICAN:GORO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 75,041 shares of the basic materials company’s stock, valued at approximately $254,000. Perritt Capital Management Inc. owned approximately 0.11% of Gold Resource at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in GORO. SG Americas Securities LLC bought a new position in Gold Resource in the second quarter worth approximately $34,000. BNP Paribas Arbitrage SA boosted its holdings in Gold Resource by 483.7% in the first quarter. BNP Paribas Arbitrage SA now owns 12,252 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 10,153 shares in the last quarter. Marshall Wace North America L.P. bought a new position in Gold Resource in the first quarter worth approximately $48,000. First Republic Investment Management Inc. bought a new position in Gold Resource in the first quarter worth approximately $49,000. Finally, Quantitative Systematic Strategies LLC bought a new position in Gold Resource in the second quarter worth approximately $58,000.

Shares of Gold Resource stock traded down $0.11 on Thursday, hitting $3.73. The company had a trading volume of 764,296 shares, compared to its average volume of 709,910. Gold Resource Co. has a 1 year low of $2.73 and a 1 year high of $6.42.

Gold Resource (NYSEAMERICAN:GORO) last issued its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $29.37 million during the quarter, compared to analysts’ expectations of $32.67 million.

The firm also recently declared a — dividend, which will be paid on Monday, September 23rd. Investors of record on Wednesday, September 11th will be given a dividend of $0.0017 per share. This represents a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 10th.

Several research analysts have issued reports on GORO shares. HC Wainwright set a $8.00 price target on Gold Resource and gave the stock a “buy” rating in a report on Friday, July 19th. Roth Capital started coverage on Gold Resource in a report on Tuesday, June 11th. They issued a “buy” rating and a $6.50 price target on the stock. Finally, Zacks Investment Research upgraded Gold Resource from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 14th.

In other Gold Resource news, Director Kimberly C. Perry purchased 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was bought at an average cost of $3.24 per share, with a total value of $64,800.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $64,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gold Resource Company Profile

Gold Resource Corporation explores for, develops, produces, and sells gold and silver in Mexico and the United States. It also explores for copper, lead, and zinc. The company's flagship property is the Aguila project comprising 18 mining concessions aggregating approximately 25,264 hectares located in the State of Oaxaca, Mexico.

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Institutional Ownership by Quarter for Gold Resource (NYSEAMERICAN:GORO)

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