Fiscal Wisdom Wealth Management LLC Takes $39.78 Million Position in Gold Resource Co. $GORO

Fiscal Wisdom Wealth Management LLC acquired a new stake in Gold Resource Co. (NYSE:GORO) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 48,688,650 shares of the company’s stock, valued at approximately $39,783,000. Gold Resource accounts for 37.8% of Fiscal Wisdom Wealth Management LLC’s portfolio, making the stock its largest holding. Fiscal Wisdom Wealth Management LLC owned 35.71% of Gold Resource as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Gold Resource by 61.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,325,501 shares of the company’s stock valued at $1,185,000 after purchasing an additional 881,701 shares during the period. Jane Street Group LLC raised its holdings in Gold Resource by 165.2% during the 1st quarter. Jane Street Group LLC now owns 474,468 shares of the company’s stock valued at $242,000 after acquiring an additional 295,565 shares during the period. Geode Capital Management LLC lifted its position in shares of Gold Resource by 39.9% during the second quarter. Geode Capital Management LLC now owns 1,381,916 shares of the company’s stock worth $843,000 after acquiring an additional 394,028 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Gold Resource in the second quarter worth $56,000. Finally, Vanguard Group Inc. grew its position in shares of Gold Resource by 1.5% in the third quarter. Vanguard Group Inc. now owns 6,148,795 shares of the company’s stock valued at $5,140,000 after purchasing an additional 91,241 shares in the last quarter. Institutional investors own 18.38% of the company’s stock.

Gold Resource Stock Performance

Shares of GORO opened at $1.67 on Thursday. Gold Resource Co. has a fifty-two week low of $0.29 and a fifty-two week high of $1.87. The firm has a market cap of $270.15 million, a price-to-earnings ratio of -3.41 and a beta of 0.83. The firm has a 50 day moving average price of $1.22 and a 200-day moving average price of $0.89.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and issued a $2.00 price target on shares of Gold Resource in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $2.00.

Gold Resource Company Profile

Gold Resource Corporation (NYSE: GORO) is a Denver, Colorado–based precious metals producer focused on gold and silver mining and processing. The company’s principal operations are located in Oaxaca State, Mexico, where it holds 100% interest in the Arista underground mine and the El Águila tailings reprocessing facility. Gold Resource’s Mexican operations are complemented by corporate and administrative offices in Denver and field offices in Mexico City.

At the Arista mine, Gold Resource conducts underground mining of high-grade gold and silver veins, producing doré bars and metal concentrates that are shipped to third-party smelters.