Stock Worth Watching: Time to Buy Gold Resource Corporation After Today’s Significant Increase?


Stock Worth Watching: Time to Buy Gold Resource Corporation After Today's Significant Increase?

The stock of Gold Resource Corporation (NYSEMKT:GORO) is a huge mover today! About 600,633 shares traded hands. Gold Resource Corporation (NYSEMKT:GORO) has risen 146.15% since March 15, 2016 and is uptrending. It has outperformed by 140.67% the S&P500.
The move comes after 7 months positive chart setup for the $325.69M company. It was reported on Oct, 18 by We have $10.67 PT which if reached, will make NYSEMKT:GORO worth $276.84M more.

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

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.”

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.
Bridgeway Mgmt Inc owns 149,100 shares or 0.01% of their US portfolio. Blackrock Investment Limited Co accumulated 0% or 193,137 shares. Covington Cap Mgmt accumulated 0% or 10,000 shares. The New York-based D E Shaw & Co has invested 0% in Gold Resource Corporation (NYSEMKT:GORO). Moreover, Advisory Service Limited Liability Corporation has 0% invested in Gold Resource Corporation (NYSEMKT:GORO) for 114 shares. Spark Invest Mngmt Limited Liability Company last reported 0.18% of its portfolio in the stock. Vanguard Gp holds 0% or 1.99M shares in its portfolio. Cetera Advisor Network Lc accumulated 0% or 13,333 shares. Tfs Capital Ltd Co last reported 22,906 shares in the company. Massmutual Trust Fsb Adv holds 565 shares or 0% of its portfolio. Tiaa Cref Limited Com last reported 153,334 shares in the company. California State Teachers Retirement Sys, a California-based fund reported 104,859 shares. Credit Suisse Ag accumulated 0% or 57,841 shares. Rhumbline Advisers reported 41,922 shares or 0% of all its holdings. The New Jersey-based Kcg Inc has invested 0.01% in Gold Resource Corporation (NYSEMKT:GORO).

Insider Transactions: Since September 9, 2016, the stock had 0 buys, and 3 selling transactions for $702,694 net activity. On Friday, September 9 Irvine Richard M sold $204,529 worth of the stock or 34,666 shares. LABATE JOHN A sold $304,500 worth of Gold Resource Corporation (NYSEMKT:GORO) on Monday, September 12. $193,665 worth of Gold Resource Corporation (NYSEMKT:GORO) shares were sold by Patterson Gregory A.

More notable recent Gold Resource Corporation (NYSEMKT:GORO) news were published by: which released: “Gold Resource Corporation Arista Mine Development Crosscuts Switchback Vein System” on October 18, 2016, also with their article: “Gold Resource Corporation Reports Preliminary Third Quarter Production of 6066 …” published on October 17, 2016, published: “Gold Resource Corporation Intercepts Additional High Grade Including 12.19 …” on October 13, 2016. More interesting news about Gold Resource Corporation (NYSEMKT:GORO) were released by: and their article: “Gold Resource Corporation Receives Final Permit to Begin Mining Alta Gracia” published on October 12, 2016 as well as‘s news article titled: “Mid-Day Market Update: Netflix Jumps On Earnings Beat; Edgewater Shares Slide” with publication date: October 18, 2016.

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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