Gold Resource Co. (GORO) To Go Ex-Dividend on October 6th
Gold Resource Co. (NYSEMKT:GORO) announced a monthly dividend on Thursday, September 29th. Shareholders of record on Tuesday, October 11th will be paid a dividend of 0.0017 per share on Monday, October 24th. This represents a $0.02 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Thursday, October 6th.
Shares of Gold Resource (NYSEMKT:GORO) opened at 7.42 on Friday. The company has a market capitalization of $402.65 million, a P/E ratio of 112.42 and a beta of 1.15. The firm has a 50 day moving average price of $6.31 and a 200 day moving average price of $4.35. Gold Resource has a one year low of $1.14 and a one year high of $8.22.
In related news, VP Gregory A. Patterson sold 33,333 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $5.81, for a total transaction of $193,664.73. Following the completion of the sale, the vice president now owns 395,263 shares of the company’s stock, valued at $2,296,478.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Richard M. Irvine sold 34,666 shares of the stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $5.90, for a total transaction of $204,529.40. Following the sale, the chief operating officer now directly owns 48,666 shares of the company’s stock, valued at approximately $287,129.40. The disclosure for this sale can be found here.
A number of large investors have recently bought and sold shares of the stock. KCG Holdings Inc. boosted its stake in Gold Resource by 475.7% in the second quarter. KCG Holdings Inc. now owns 110,054 shares of the company’s stock worth $395,000 after buying an additional 90,936 shares during the last quarter. Van ECK Associates Corp boosted its stake in Gold Resource by 30.5% in the second quarter. Van ECK Associates Corp now owns 5,678,792 shares of the company’s stock worth $20,387,000 after buying an additional 1,326,444 shares during the last quarter. State Street Corp boosted its stake in Gold Resource by 2,003.8% in the second quarter. State Street Corp now owns 500,344 shares of the company’s stock worth $1,797,000 after buying an additional 476,561 shares during the last quarter. Spark Investment Management LLC boosted its stake in Gold Resource by 123.1% in the second quarter. Spark Investment Management LLC now owns 526,400 shares of the company’s stock worth $1,889,000 after buying an additional 290,400 shares during the last quarter. Finally, Rhumbline Advisers purchased a new stake in Gold Resource during the second quarter worth approximately $150,000.
Separately, Zacks Investment Research upgraded shares of Gold Resource from a “sell” rating to a “hold” rating in a research note on Monday, July 18th.
About Gold Resource
Gold Resource Corporation 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 Company has two units in North America, the Oaxaca Mining Unit and the Nevada Mining Unit.
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