The stock of Gold Resource Corporation (NYSEMKT:GORO) is a huge mover today! About 144,499 shares traded hands. Gold Resource Corporation (NYSEMKT:GORO) has risen 41.47% since April 22, 2016 and is uptrending. It has outperformed by 36.06% the S&P500.
The move comes after 6 months positive chart setup for the $229.20M company. It was reported on Nov, 25 by Barchart.com. We have $4.62 PT which if reached, will make NYSEMKT:GORO worth $16.04M more.
Analysts await Gold Resource Corporation (NYSEMKT:GORO) to report earnings on March, 8.
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 decreased to 1.21 in 2016 Q2. Its down 0.79, from 2 in 2016Q1. The ratio is negative, 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.
The New York-based Jpmorgan Chase & has invested 0% in Gold Resource Corporation (NYSEMKT:GORO). Morgan Stanley accumulated 806,980 shares or 0% of the stock. Wells Fargo Communication Mn holds 21,201 shares or 0% of its portfolio. Susquehanna International Grp Inc Llp accumulated 17,157 shares or 0% of the stock. Geode Cap Mgmt Limited Liability Co last reported 359,049 shares in the company. Teachers Advisors holds 0% or 81,491 shares in its portfolio. Cetera Advisor Netwr Lc has 0% invested in the company for 13,333 shares. Spark Investment Mngmt Limited Liability Corp has 0.18% invested in the company for 526,400 shares. Barclays Plc holds 1,839 shares or 0% of its portfolio. Creative Planning accumulated 1 shares or 0% of the stock. Guggenheim Cap Limited Liability holds 0% of its portfolio in Gold Resource Corporation (NYSEMKT:GORO) for 30,846 shares. Bridgeway Cap Management accumulated 149,100 shares or 0.01% of the stock. Walleye Trading Limited Liability Corp owns 1,500 shares or 0% of their US portfolio. Gsa Capital Partners Llp accumulated 0.11% or 556,999 shares. Price T Rowe Assoc Md accumulated 0% or 79,700 shares.
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. Another trade for 50,000 shares valued at $304,500 was sold by LABATE JOHN A. $204,529 worth of shares were sold by Irvine Richard M on Friday, September 9.
More important 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 Seekingalpha.com published article titled: “Gold Resource Corp: The Risks Have Increased”, 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) was released by: Seekingalpha.com and their article: “Gold Resource Corporation: Sit This One Out, For Now” with publication date: May 04, 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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