Stock Traders Buy High Volume of Gold Resource Call Options (NYSE:GORO)

Gold Resource Co. (NYSE:GORO) was the recipient of unusually large options trading on Thursday. Investors bought 3,609 call options on the company. This represents an increase of 2,170% compared to the typical volume of 159 call options.

Institutional Investors Weigh In On Gold Resource

A hedge fund recently bought a new stake in Gold Resource stock. The Manufacturers Life Insurance Company purchased a new position in Gold Resource Co. (NYSE:GORO) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 315,978 shares of the company’s stock, valued at approximately $110,000. The Manufacturers Life Insurance Company owned approximately 0.33% of Gold Resource at the end of the most recent reporting period. Institutional investors own 18.38% of the company’s stock.

Gold Resource Price Performance

Shares of GORO stock traded down $0.02 during trading hours on Friday, reaching $0.36. The company had a trading volume of 1,927,171 shares, compared to its average volume of 2,104,982. Gold Resource has a 1-year low of $0.12 and a 1-year high of $0.71. The company has a 50 day moving average of $0.21 and a 200 day moving average of $0.31. The firm has a market cap of $33.95 million, a price-to-earnings ratio of -0.73 and a beta of 1.48.

Gold Resource (NYSE:GORO) last released its earnings results on Tuesday, November 5th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.06). The company had revenue of $13.27 million during the quarter. Gold Resource had a negative net margin of 61.31% and a negative return on equity of 35.25%. As a group, sell-side analysts forecast that Gold Resource will post -0.38 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Gold Resource in a research report on Sunday, January 12th. They set a “hold” rating for the company.

About Gold Resource

Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico and the United States. The company also explores for copper, lead, and zinc deposits. Its principal assets are the 100% owned Don David gold mine and Back Forty project covering approximately 1,304 hectares located in Menominee county, Michigan.