Gold Resource (GORO) Shares Up 8.6%
Gold Resource Co. (NYSEAMERICAN:GORO)’s share price shot up 8.6% during mid-day trading on Wednesday . The company traded as high as $4.60 and last traded at $4.56. 1,607,700 shares traded hands during mid-day trading, an increase of 114% from the average session volume of 750,827 shares. The stock had previously closed at $4.20.
The company has a market cap of $238.38, a P/E ratio of 41.45 and a beta of 0.32.
Gold Resource (NYSEAMERICAN:GORO) last posted its earnings results on Tuesday, October 31st. The basic materials company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $31.12 million for the quarter. Gold Resource had a net margin of 14.72% and a return on equity of 15.94%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC increased its position in shares of Gold Resource by 44.9% during the 2nd quarter. Voya Investment Management LLC now owns 24,632 shares of the basic materials company’s stock valued at $100,000 after purchasing an additional 7,632 shares during the last quarter. M&T Bank Corp increased its holdings in Gold Resource by 19.8% in the 2nd quarter. M&T Bank Corp now owns 30,275 shares of the basic materials company’s stock worth $123,000 after acquiring an additional 5,000 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in Gold Resource in the 2nd quarter worth approximately $145,000. Metropolitan Life Insurance Co. NY purchased a new stake in Gold Resource in the 1st quarter worth approximately $162,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Gold Resource by 9.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 42,408 shares of the basic materials company’s stock worth $172,000 after acquiring an additional 3,612 shares in the last quarter.
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Gold Resource Company Profile
Gold Resource Corporation is a mining company. The Company is a producer of metal concentrates that contain gold, silver, copper, lead and zinc, and dore containing gold and silver at the Aguila Project within its Oaxaca Mining Unit located in the southern state of Oaxaca, Mexico. The Company has two units in North America, the Oaxaca Mining Unit and the Nevada Mining Unit.
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