Stock Worth Watching: Is Buying 52-Week Stock Like Gold Resource Corporation a Winning Strategy?

Stock Worth Watching: Is Buying 52 Week Stock Like Gold Resource Corporation a Winning Strategy?

The stock of Gold Resource Corporation (NYSEMKT:GORO) hit a new 52-week high and has $20.79 target or 175.00% above today’s $7.56 share price. The 8 months bullish chart indicates low risk for the $429.58M company. The 1-year high was reported on Sep, 30 by If the $20.79 price target is reached, the company will be worth $751.77M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 978,131 shares traded hands. Gold Resource Corporation (NYSEMKT:GORO) has risen 301.03% since February 26, 2016 and is uptrending. It has outperformed by 290.61% the S&P500.

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 Q2 2016. 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.
Northern Tru Corporation holds 0% or 191,754 shares in its portfolio. Moreover, Bnp Paribas Arbitrage has 0% invested in Gold Resource Corporation (NYSEMKT:GORO) for 3,212 shares. Ladenburg Thalmann Fin Ser has 0% invested in the company for 28,795 shares. Driehaus Capital Ltd has invested 0.01% of its portfolio in Gold Resource Corporation (NYSEMKT:GORO). Tci Wealth Advisors holds 500 shares or 0% of its portfolio. Goldman Sachs Group Inc, a New York-based fund reported 13,444 shares. Gru One Trading Limited Partnership has 17,257 shares for 0% of their US portfolio. Massmutual Tru Fsb Adv holds 0% or 565 shares in its portfolio. California Employees Retirement System accumulated 62,100 shares or 0% of the stock. Walleye Trading Lc reported 1,500 shares or 0% of all its holdings. Tfs Cap Ltd Liability Com holds 0.02% or 22,906 shares in its portfolio. Jpmorgan Chase And, a New York-based fund reported 1,050 shares. Deutsche Fincl Bank Ag owns 96,564 shares or 0% of their US portfolio. Brandes Inv Prtn Ltd Partnership holds 0% or 68,513 shares in its portfolio. Dimensional Fund Lp last reported 0% of its portfolio in the stock.

Insider Transactions: Since September 9, 2016, the stock had 0 insider purchases, and 3 insider sales for $702,694 net activity. Another trade for 34,666 shares valued at $204,529 was made by Irvine Richard M on Friday, September 9. The insider LABATE JOHN A sold $304,500. Patterson Gregory A also sold $193,665 worth of Gold Resource Corporation (NYSEMKT:GORO) on Friday, September 9.

More important recent Gold Resource Corporation (NYSEMKT:GORO) news were published by: which released: “Gold Resource Corporation Declares September Monthly Dividend” on September 28, 2016, also published article titled: “Gold Resource Corp: The Risks Have Increased”, published: “Gold Resource Corporation: Sit This One Out, For Now” on May 04, 2016. More interesting news about Gold Resource Corporation (NYSEMKT:GORO) was released by: and their article: “Gold Resource Corp. Releases Preliminary Production Results For The Second …” with publication date: July 14, 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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