The stock of Gold Resource Corporation (NYSEMKT:GORO) is a huge mover today! The stock decreased 4.38% or $0.34 during the last trading session, hitting $7.42. About 2.65M shares traded hands or 120.83% up from the average. Gold Resource Corporation (NYSEMKT:GORO) has risen 278.57% since February 29, 2016 and is uptrending. It has outperformed by 268.15% the S&P500.
The move comes after 7 months negative chart setup for the $421.63 million company. It was reported on Oct, 1 by Barchart.com. We have $6.68 PT which if reached, will make NYSEMKT:GORO worth $42.16 million less.
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.
Price T Rowe Assocs Md last reported 0% of its portfolio in the stock. Grp Incorporated One Trading Limited Partnership has 17,257 shares for 0% of their US portfolio. Moreover, Driehaus Cap Mngmt Limited Liability has 0.01% invested in Gold Resource Corporation (NYSEMKT:GORO) for 83,283 shares. Blackrock Inv Mngmt Limited Liability Com, a New Jersey-based fund reported 193,137 shares. Renaissance Technology Ltd Company accumulated 0.01% or 1.86M shares. Massmutual Trust Fsb Adv has 0% invested in the company for 565 shares. Aqr Capital Management Ltd Liability Corp reported 108,542 shares or 0% of all its holdings. Bridgeway Management, a Texas-based fund reported 149,100 shares. Bnp Paribas Arbitrage Sa has 3,212 shares for 0% of their US portfolio. Moreover, Goldman Sachs has 0% invested in Gold Resource Corporation (NYSEMKT:GORO) for 13,444 shares. The New York-based Savings Bank Of New York Mellon has invested 0% in Gold Resource Corporation (NYSEMKT:GORO). The Illinois-based Citadel Advsrs Limited Liability has invested 0% in Gold Resource Corporation (NYSEMKT:GORO). Brandes Inv Prtn Ltd Partnership owns 68,513 shares or 0% of their US portfolio. Dimensional Fund Advsr Lp has 0% invested in the company for 81,697 shares. Moreover, Jpmorgan Chase & has 0% invested in Gold Resource Corporation (NYSEMKT:GORO) for 1,050 shares.
Insider Transactions: Since September 9, 2016, the stock had 0 insider purchases, and 3 selling transactions for $702,694 net activity. The insider Irvine Richard M sold 34,666 shares worth $204,529. The insider LABATE JOHN A sold $304,500. On Friday, September 9 the insider Patterson Gregory A sold $193,665.
More important recent Gold Resource Corporation (NYSEMKT:GORO) news were published by: Finance.Yahoo.com which released: “Gold Resource Corporation Declares September Monthly Dividend” on September 28, 2016, also Seekingalpha.com published article titled: “Gold Resource Corp: The Risks Have Increased”, Seekingalpha.com 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: Seekingalpha.com 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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