Bank of New York Mellon Corp lessened its stake in Gold Resource Co. (NYSEAMERICAN:GORO) by 6.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 258,301 shares of the basic materials company’s stock after selling 18,854 shares during the quarter. Bank of New York Mellon Corp’s holdings in Gold Resource were worth $1,703,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in Gold Resource by 253.9% during the 1st quarter. Barclays PLC now owns 41,799 shares of the basic materials company’s stock valued at $188,000 after purchasing an additional 29,988 shares during the last quarter. Bessemer Group Inc. acquired a new stake in Gold Resource during the 2nd quarter valued at $211,000. Engineers Gate Manager LP lifted its holdings in Gold Resource by 68.3% during the 2nd quarter. Engineers Gate Manager LP now owns 38,630 shares of the basic materials company’s stock valued at $255,000 after purchasing an additional 15,681 shares during the last quarter. Millennium Management LLC lifted its holdings in Gold Resource by 36.7% during the 1st quarter. Millennium Management LLC now owns 206,743 shares of the basic materials company’s stock valued at $932,000 after purchasing an additional 55,484 shares during the last quarter. Finally, Alps Advisors Inc. acquired a new stake in Gold Resource during the 2nd quarter valued at $2,235,000.
Shares of Gold Resource stock opened at $5.74 on Friday. Gold Resource Co. has a 1 year low of $3.52 and a 1 year high of $7.33.
Gold Resource (NYSEAMERICAN:GORO) last announced its quarterly earnings results on Tuesday, July 31st. The basic materials company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $30.77 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 Tuesday, October 23rd. Shareholders of record on Thursday, October 11th will be given a dividend of $0.0017 per share. This represents a $0.02 annualized dividend and a yield of 0.35%. The ex-dividend date is Wednesday, October 10th.
Separately, TheStreet downgraded Gold Resource from a “b-” rating to a “c+” rating in a report on Thursday, August 16th.
In other Gold Resource news, COO Richard M. Irvine sold 20,000 shares of the stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $5.00, for a total transaction of $100,000.00. Following the transaction, the chief operating officer now owns 51,244 shares in the company, valued at approximately $256,220. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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.
Recommended Story: Tariff
Want to see what other hedge funds are holding GORO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gold Resource Co. (NYSEAMERICAN:GORO).
Receive News & Ratings for Gold Resource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Resource and related companies with MarketBeat.com's FREE daily email newsletter.