The stock of Gold Resource Corporation (NYSEMKT:GORO) is a huge mover today! About 624,112 shares traded hands. Gold Resource Corporation (NYSEMKT:GORO) has risen 130.67% since April 5, 2016 and is uptrending. It has outperformed by 128.72% the S&P500.
The move comes after 7 months positive chart setup for the $286.16M company. It was reported on Nov, 8 by Barchart.com. We have $7.83 PT which if reached, will make NYSEMKT:GORO worth $137.36M more.
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 Q2 2016. Its up 0.72, from 1.28 in 2016Q1. The ratio is positive, 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.
Price T Rowe Md has invested 0% of its portfolio in Gold Resource Corporation (NYSEMKT:GORO). Aqr Management Limited Liability Corporation has invested 0% of its portfolio in Gold Resource Corporation (NYSEMKT:GORO). Bnp Paribas Arbitrage, a New York-based fund reported 3,212 shares. Cambridge Rech Advsr holds 0% or 13,097 shares in its portfolio. Creative Planning, a Kansas-based fund reported 1 shares. The New York-based Financial Bank Of New York Mellon Corp has invested 0% in Gold Resource Corporation (NYSEMKT:GORO). Moreover, One Trading Limited Partnership has 0% invested in Gold Resource Corporation (NYSEMKT:GORO) for 17,257 shares. Jpmorgan Chase And holds 0% or 1,050 shares in its portfolio. Vanguard Gp owns 1.99M shares or 0% of their US portfolio. Schroder Investment Mngmt Group holds 10,000 shares or 0% of its portfolio. Citadel Advsr Ltd Liability Corporation has 185,565 shares for 0% of their US portfolio. Grp Inc holds 0% or 28,788 shares in its portfolio. Geode Capital Limited Liability Co, a Massachusetts-based fund reported 359,049 shares. Connor Clark & Lunn Inv Ltd holds 0% or 117,375 shares in its portfolio. The California-based Blackrock Fund Advsrs has invested 0% in Gold Resource Corporation (NYSEMKT:GORO).
Insider Transactions: Since September 9, 2016, the stock had 0 insider buys, and 3 selling transactions for $702,694 net activity. The insider LABATE JOHN A sold 50,000 shares worth $304,500. Shares for $204,529 were sold by Irvine Richard M on Friday, September 9. 33,333 shares were sold by Patterson Gregory A, worth $193,665 on Friday, September 9.
More notable recent Gold Resource Corporation (NYSEMKT:GORO) news were published by: Nasdaq.com which released: “Gold Resource Corporation (GORO) Ex-Dividend Date Scheduled for November 08, 2016” on November 07, 2016, also Marketwired.com with their article: “Gold Resource Corporation Receives Final Permit to Begin Mining Alta Gracia” published on October 12, 2016, Marketwired.com published: “Gold Resource Corporation Reports Third Quarter Net Income of $1.6 Million, or …” on November 02, 2016. More interesting news about Gold Resource Corporation (NYSEMKT:GORO) were released by: Marketwired.com and their article: “Gold Resource Corporation Intercepts Additional High Grade Including 12.19 …” published on October 13, 2016 as well as Marketwired.com‘s news article titled: “Gold Resource Corporation Arista Mine Development Crosscuts Switchback Vein System” 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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