Gold Resource (NYSE:GORO) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Gold Resource (NYSE:GORO) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the stock.

Gold Resource Trading Up 7.9 %

NYSE:GORO opened at $0.35 on Thursday. Gold Resource has a 1-year low of $0.12 and a 1-year high of $0.71. The firm has a market capitalization of $33.36 million, a price-to-earnings ratio of -0.71 and a beta of 1.53. The business’s fifty day moving average price is $0.29 and its 200 day moving average price is $0.30.

Institutional Trading of Gold Resource

An institutional investor recently bought a new position in Gold Resource stock. The Manufacturers Life Insurance Company bought a new position in Gold Resource Co. (NYSE:GORO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 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 as of its most recent SEC filing. Institutional investors and hedge funds own 18.38% of the company’s stock.

Gold Resource Company Profile

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.