Today’s 13GD Filing: Gold Resource Corp Has Another Bullish Trade, Van Eck Associates Corp Bought Stake!

Today's 13GD Filing: Gold Resource Corp Has Another Bullish Trade, Van Eck Associates Corp Bought Stake!

The New Van Eck Associates Corp Holding in Gold Resource Corp

Van Eck Associates Corp filed with the SEC SC 13G/A form for Gold Resource Corp. The form can be accessed here: 000086917816000217. As reported in Van Eck Associates Corp’s form, the filler as of late owns 15.49% or 8,406,639 shares of the Materials–company.

Gold Resource Corp stake is a new one for the for this institutional investor and it was filed because of activity on September 16, 2016. We feel this shows Van Eck Associates Corp’s positive view for the stock. For a institutional investor managing $30.53 billion in assets and having 161+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

Gold Resource Corp Institutional Sentiment

Latest Security and Exchange filings show 62 investors own Gold Resource Corp. The institutional ownership in Q3 2015 is high, at 35.15% of the outstanding shares. This is decreased by 383453 the total institutional shares. 19073515 were the shares owned by these institutional investors. In total 8 funds opened new Gold Resource Corp stakes, 15 increased stakes. There were 25 that closed positions and 25 reduced them.

Eidelman Virant Capital is an institutional investor bullish on Gold Resource Corp, owning 40700 shares as of Q3 2015 for 0.07% of its portfolio. Killen Group Inc owns 712671 shares or 0.17% of its portfolio. CA Puplava Financial Services Inc have 0.02% of their stock portfolio for 10075 shares. Further, South Georgia Capital Llc reported stake worth 0.13% of its US stock portfolio. The TX Eagle Global Advisors Llc owns 99590 shares. Gold Resource Corp is 0.01% of the manager’s US portfolio.

Business Profile

Gold Resource Corporation is a producer of metal concentrates that contain gold, silver, copper, lead and zinc, and dore containing gold and silver at the Aguila Project in the southern state of Oaxaca, Mexico (Oaxaca). The Company has two units in North America, the Oaxaca Mining Unit and the Nevada Mining Unit. The majority of its assets are located at its Oaxaca Mining Unit, located on its Aguila Project, including its Aguila milling facility and Arista underground mine. The Aguila milling facility produces metal concentrates and dore from ore mined from the Arista mine, which contains precious metal products of gold and silver, and by-products of copper, lead and zinc. The Company’s operations in Oaxaca are conducted through its Mexican subsidiary, Don David Gold Mexico S.A. de C.V. (DDGM). Its Nevada exploration is done through its subsidiary, GRC Nevada Inc. The Company has an interest in approximately nine properties.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Van Eck Associates Corp website.

Insitutional Activity: The institutional sentiment increased to 2 in 2016 Q2. Its up 0.72, from 1.28 in 2016Q1. The ratio increased, as 11 funds sold all Gold Resource Corporation shares owned while 14 reduced positions. 22 funds bought stakes while 28 increased positions. They now own 19.29 million shares or 34.67% more from 14.32 million shares in 2016Q1.

Guggenheim Llc owns 30,846 shares or 0% of their US portfolio. Moreover, Eidelman Virant has 0.04% invested in Gold Resource Corporation (NYSEMKT:GORO) for 20,000 shares. Geode Capital Limited Liability Company has 0% invested in the company for 359,049 shares. Vanguard Group Inc holds 1.99M shares or 0% of its portfolio. Renaissance Techs Limited reported 1.86M shares or 0.01% of all its holdings. American Gru Incorporated last reported 0% of its portfolio in the stock. The Arizona-based Tci Wealth Inc has invested 0% in Gold Resource Corporation (NYSEMKT:GORO). Blackrock Fund holds 0% or 1.31 million shares in its portfolio. Parametric Associates Limited Liability Corp has 17,835 shares for 0% of their US portfolio. Moreover, Tudor Inv Et Al has 0% invested in Gold Resource Corporation (NYSEMKT:GORO) for 45,594 shares. Moreover, Jpmorgan Chase & Com has 0% invested in Gold Resource Corporation (NYSEMKT:GORO) for 1,050 shares. The Iowa-based Cambridge Inv Research Advisors has invested 0% in Gold Resource Corporation (NYSEMKT:GORO). Manufacturers Life Insurance The holds 0% of its portfolio in Gold Resource Corporation (NYSEMKT:GORO) for 34,961 shares. Invesco Ltd reported 154,527 shares or 0% of all its holdings. Royal Commercial Bank Of Canada has invested 0% of its portfolio in Gold Resource Corporation (NYSEMKT:GORO).

Insider Transactions: Since September 9, 2016, the stock had 0 insider buys, and 3 insider sales for $702,694 net activity. Another trade for 33,333 shares valued at $193,665 was made by Patterson Gregory A on Friday, September 9. Irvine Richard M sold $204,529 worth of stock or 34,666 shares. Shares for $304,500 were sold by LABATE JOHN A on Monday, September 12.

Analysts await Gold Resource Corporation (NYSEMKT:GORO) to report earnings on November, 1.

About 1.49 million shares traded hands or 12.03% up from the average. Gold Resource Corporation (NYSEMKT:GORO) has risen 158.96% since March 4, 2016 and is uptrending. It has outperformed by 150.92% the S&P500.

Gold Resource Corporation is a producer of metal concentrates that contain gold, silver, copper, lead and zinc, and dore containing gold and silver at the Aguila Project in the southern state of Oaxaca, Mexico . The company has a market cap of $275.32 million. The Firm has two units in North America, the Oaxaca Mining Unit and the Nevada Mining Unit. It has a 81.77 P/E ratio. The majority of its assets are located at its Oaxaca Mining Unit, located on its Aguila Project, including its Aguila milling facility and Arista underground mine.

More important recent Gold Resource Corporation (NYSEMKT:GORO) news were published by: Seekingalpha.com which released: “Gold Resource Corp: The Risks Have Increased” on August 15, 2016, also Seekingalpha.com published article titled: “Gold Resource Corporation: Sit This One Out, For Now”, Seekingalpha.com published: “Gold Resource Corp. Releases Preliminary Production Results For The Second …” on July 14, 2016. More interesting news about Gold Resource Corporation (NYSEMKT:GORO) was released by: Nasdaq.com and their article: “Gold Resource Corporation (GORO) Ex-Dividend Date Scheduled for September 08, 2016” with publication date: September 07, 2016.

According to Zacks Investment Research, “Gold Resource Corporation is a mining company focused on production and pursuing development of select, high-grade gold and silver projects that feature low operation costs and produce high returns on capital. The Company has 100% interest in four potential high-grade gold and silver properties in Mexico’s southern state of Oaxaca. The Company has an interest in four properties, the El Aguila property, the Las Margaritas property, the El Rey property and the Solaga property. All of these properties are in the exploration stage and have no probable reserves. The company is based in Denver, Colorado.”

GORO Company Profile

Gold Resource Corporation, incorporated on August 24, 1998, is a producer of metal concentrates that contain gold, silver, copper, lead and zinc, and dore containing gold and silver at the Aguila Project in the southern state of Oaxaca, Mexico (Oaxaca). The Firm has two units in North America, the Oaxaca Mining Unit and the Nevada Mining Unit. The majority of its assets are located at its Oaxaca Mining Unit, located on its Aguila Project, including its Aguila milling facility and Arista underground mine. The Aguila milling facility produces metal concentrates and dore from ore mined from the Arista mine, which contains precious metal products of gold and silver, and by-products of copper, lead and zinc. The Company’s activities in Oaxaca are conducted through its Mexican subsidiary, Don David Gold Mexico S.A. de C.V. (DDGM). The Company’s Nevada exploration is done through its subsidiary, GRC Nevada Inc.

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