Virtu Financial LLC Invests $43,000 in Gold Resource Co. $GORO

Virtu Financial LLC bought a new position in shares of Gold Resource Co. (NYSE:GORO) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 83,392 shares of the company’s stock, valued at approximately $43,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Squarepoint Ops LLC bought a new stake in shares of Gold Resource during the fourth quarter worth $119,000. Shay Capital LLC increased its stake in shares of Gold Resource by 114.1% during the fourth quarter. Shay Capital LLC now owns 251,550 shares of the company’s stock valued at $58,000 after buying an additional 134,077 shares during the period. Jane Street Group LLC increased its stake in shares of Gold Resource by 669.8% during the fourth quarter. Jane Street Group LLC now owns 178,903 shares of the company’s stock valued at $41,000 after buying an additional 155,664 shares during the period. Finally, XTX Topco Ltd increased its stake in shares of Gold Resource by 36.7% during the first quarter. XTX Topco Ltd now owns 109,984 shares of the company’s stock valued at $56,000 after buying an additional 29,543 shares during the period. 18.38% of the stock is currently owned by institutional investors.

Gold Resource Price Performance

GORO opened at $0.48 on Tuesday. The business’s 50-day moving average is $0.58 and its two-hundred day moving average is $0.52. Gold Resource Co. has a 1 year low of $0.12 and a 1 year high of $0.82. The firm has a market capitalization of $65.21 million, a PE ratio of -0.98 and a beta of 0.76.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GORO shares. HC Wainwright raised their price target on Gold Resource from $1.25 to $1.50 and gave the company a “buy” rating in a research note on Friday, August 1st. Wall Street Zen started coverage on Gold Resource in a research note on Sunday, May 4th. They set a “sell” rating on the stock.

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.