Gold Resource (NYSE:GORO) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Gold Resource (NYSE:GORO) in a report released on Monday. The brokerage issued a sell rating on the stock.

Gold Resource Stock Performance

GORO traded down $0.01 during trading on Monday, hitting $0.39. The company’s stock had a trading volume of 440,028 shares, compared to its average volume of 665,721. The stock has a 50 day moving average price of $0.44. The stock has a market cap of $35.41 million, a price-to-earnings ratio of -1.88 and a beta of 1.45. Gold Resource has a one year low of $0.22 and a one year high of $0.71.

Hedge Funds Weigh In On Gold Resource

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Financial & Tax Architects LLC purchased a new position in shares of Gold Resource during the fourth quarter valued at about $28,000. Virtu Financial LLC bought a new stake in Gold Resource in the 1st quarter worth approximately $37,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Gold Resource by 14.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,441,384 shares of the company’s stock worth $1,050,000 after acquiring an additional 312,765 shares in the last quarter. Institutional investors own 18.38% of the company’s stock.

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.