Shares of Gold Resource Co. (NYSEAMERICAN:GORO) fell 5.6% on Monday . The stock traded as low as $6.16 and last traded at $6.29. 604,500 shares traded hands during trading, an increase of 76% from the average session volume of 342,722 shares. The stock had previously closed at $6.66.
Separately, TheStreet upgraded Gold Resource from a “c+” rating to a “b-” rating in a report on Tuesday, April 3rd.
Gold Resource (NYSEAMERICAN:GORO) last released its quarterly earnings data on Tuesday, May 1st. The basic materials company reported $0.09 earnings per share for the quarter. The firm had revenue of $32.15 million during the quarter. Gold Resource had a return on equity of 15.94% and a net margin of 14.72%.
The company also recently disclosed a monthly dividend, which will be paid on Monday, June 25th. Investors of record on Monday, June 11th will be issued a $0.0017 dividend. The ex-dividend date of this dividend is Friday, June 8th. This represents a $0.02 annualized dividend and a dividend yield of 0.32%.
In other Gold Resource news, VP Barry D. Devlin sold 50,000 shares of Gold Resource stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $6.10, for a total value of $305,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Bill M. Conrad sold 10,000 shares of Gold Resource stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $5.40, for a total value of $54,000.00. Following the completion of the transaction, the director now owns 231,623 shares in the company, valued at approximately $1,250,764.20. The disclosure for this sale can be found here. Insiders sold 113,333 shares of company stock valued at $674,531 over the last 90 days.
Institutional investors and hedge funds have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. grew its stake in Gold Resource by 46.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 700,000 shares of the basic materials company’s stock valued at $3,080,000 after purchasing an additional 220,900 shares during the last quarter. Deutsche Bank AG grew its stake in Gold Resource by 94.7% in the fourth quarter. Deutsche Bank AG now owns 118,798 shares of the basic materials company’s stock valued at $521,000 after purchasing an additional 57,794 shares during the last quarter. Stone Ridge Asset Management LLC purchased a new position in Gold Resource in the fourth quarter valued at about $400,000. BlackRock Inc. grew its stake in Gold Resource by 1.7% in the fourth quarter. BlackRock Inc. now owns 3,244,479 shares of the basic materials company’s stock valued at $14,277,000 after purchasing an additional 55,058 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Gold Resource by 38.7% in the fourth quarter. Wells Fargo & Company MN now owns 79,972 shares of the basic materials company’s stock valued at $352,000 after purchasing an additional 22,298 shares during the last quarter.
About Gold Resource
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 El Aguila project comprising 19 mining concessions aggregating approximately 30,215 hectares located in the State of Oaxaca.
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