The stock of Gold Resource Corporation (NYSEMKT:GORO) is a huge mover today! About 473,616 shares traded hands. Gold Resource Corporation (NYSEMKT:GORO) has risen 142.48% since March 11, 2016 and is uptrending. It has outperformed by 137.02% the S&P500.
The move comes after 6 months negative chart setup for the $284.74M company. It was reported on Oct, 14 by Barchart.com. We have $4.56 PT which if reached, will make NYSEMKT:GORO worth $34.17 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 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.
Us Natl Bank De reported 30,000 shares or 0% of all its holdings. Moreover, Lsv Asset has 0% invested in Gold Resource Corporation (NYSEMKT:GORO) for 102,276 shares. Moreover, Price T Rowe Associate Md has 0% invested in Gold Resource Corporation (NYSEMKT:GORO) for 79,700 shares. Covington Capital Mngmt has invested 0% of its portfolio in Gold Resource Corporation (NYSEMKT:GORO). Retail Bank Of America De last reported 0% of its portfolio in the stock. Tiaa Cref Investment Mngmt Limited Liability Co has 153,334 shares for 0% of their US portfolio. Manufacturers Life Insur Co The accumulated 34,961 shares or 0% of the stock. Jpmorgan Chase & last reported 0% of its portfolio in the stock. Guggenheim Cap Limited Liability accumulated 0% or 30,846 shares. Tudor Invest Et Al holds 45,594 shares or 0% of its portfolio. Parametric Port Associates Ltd Co holds 17,835 shares or 0% of its portfolio. Credit Suisse Ag last reported 0% of its portfolio in the stock. Bnp Paribas Arbitrage owns 3,212 shares or 0% of their US portfolio. Kcg Hldgs Inc holds 110,054 shares or 0.01% of its portfolio. Geode Capital Management Lc reported 359,049 shares or 0% of all its holdings.
Insider Transactions: Since September 9, 2016, the stock had 0 insider purchases, and 3 selling transactions for $702,694 net activity. Shares for $193,665 were sold by Patterson Gregory A on Friday, September 9. Irvine Richard M sold $204,529 worth of stock or 34,666 shares. $304,500 worth of Gold Resource Corporation (NYSEMKT:GORO) was sold by LABATE JOHN A on Monday, September 12.
More notable recent Gold Resource Corporation (NYSEMKT:GORO) news were published by: Marketwired.com which released: “Gold Resource Corporation Intercepts Additional High Grade Including 12.19 …” on October 13, 2016, also Seekingalpha.com with their article: “Gold Resource Corp: The Risks Have Increased” published on August 15, 2016, Seekingalpha.com published: “Gold Resource Corp. Releases Preliminary Production Results For The Second …” on July 14, 2016. More interesting news about Gold Resource Corporation (NYSEMKT:GORO) were released by: Seekingalpha.com and their article: “Gold Resource Corporation: Sit This One Out, For Now” published on May 04, 2016 as well as Seekingalpha.com‘s news article titled: “Gold Resource Corp.: All You Need To Know About Second Quarter Results” with publication date: August 05, 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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