Gold Resource (GORO) Stock Price Up 7.3%

Gold Resource Co. (NYSEAMERICAN:GORO) rose 7.3% on Tuesday . The company traded as high as $5.05 and last traded at $5.00. Approximately 900,088 shares were traded during trading, an increase of 112% from the average daily volume of 425,309 shares. The stock had previously closed at $4.66.

The firm has a market capitalization of $266.82, a P/E ratio of 45.45 and a beta of 0.32.

Gold Resource (NYSEAMERICAN:GORO) last issued its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.08 earnings per share for the quarter. Gold Resource had a net margin of 14.72% and a return on equity of 15.94%. The business had revenue of $31.12 million for the quarter.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Thursday, January 11th will be paid a dividend of $0.0017 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Wednesday, January 10th. Gold Resource’s dividend payout ratio is currently 18.18%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Chartwell Investment Partners LLC grew its holdings in Gold Resource by 129.7% during the third quarter. Chartwell Investment Partners LLC now owns 2,086,207 shares of the basic materials company’s stock worth $7,823,000 after acquiring an additional 1,178,087 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in Gold Resource by 66.2% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 479,100 shares of the basic materials company’s stock worth $1,797,000 after acquiring an additional 190,800 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Gold Resource by 176.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 225,000 shares of the basic materials company’s stock worth $844,000 after acquiring an additional 143,600 shares during the period. State Street Corp grew its holdings in Gold Resource by 13.0% during the second quarter. State Street Corp now owns 1,125,184 shares of the basic materials company’s stock worth $4,591,000 after acquiring an additional 129,813 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Gold Resource by 5.7% during the second quarter. Vanguard Group Inc. now owns 2,315,810 shares of the basic materials company’s stock worth $9,448,000 after acquiring an additional 124,268 shares during the period.

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About Gold Resource

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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