Roth Capital initiated coverage on shares of Gold Resource (NYSEAMERICAN:GORO) in a research note published on Tuesday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $6.50 price target on the basic materials company’s stock.
Other research analysts also recently issued research reports about the stock. HC Wainwright restated a buy rating and set a $7.75 price objective on shares of Gold Resource in a report on Wednesday, May 29th. Zacks Investment Research cut shares of Gold Resource from a hold rating to a sell rating in a research note on Thursday, June 6th.
NYSEAMERICAN:GORO opened at $3.14 on Tuesday. Gold Resource has a 52-week low of $2.73 and a 52-week high of $7.33.
The firm also recently announced a monthly dividend, which will be paid on Monday, June 24th. Investors of record on Tuesday, June 11th will be paid a $0.0017 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.02 dividend on an annualized basis and a yield of 0.64%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace North America L.P. bought a new stake in Gold Resource in the first quarter valued at about $48,000. Marshall Wace LLP bought a new stake in Gold Resource in the first quarter valued at about $1,338,000. Morgan Stanley increased its stake in Gold Resource by 74.1% in the first quarter. Morgan Stanley now owns 656,954 shares of the basic materials company’s stock valued at $2,582,000 after acquiring an additional 279,536 shares during the period. Oxford Asset Management LLP bought a new stake in Gold Resource in the first quarter valued at about $452,000. Finally, Geode Capital Management LLC increased its stake in Gold Resource by 18.0% in the first quarter. Geode Capital Management LLC now owns 692,114 shares of the basic materials company’s stock valued at $2,720,000 after acquiring an additional 105,407 shares during the period.
Gold Resource Company Profile
Gold Resource Corporation explores for, develops, produces, and sells gold and silver in Mexico and the United States. It also explores for copper, lead, and zinc. The company's flagship property is the Aguila project comprising 18 mining concessions aggregating approximately 25,264 hectares located in the State of Oaxaca, Mexico.
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