Marshall Wace LLP purchased a new stake in shares of Gold Resource Co. (NYSEAMERICAN:GORO) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 340,460 shares of the basic materials company’s stock, valued at approximately $1,338,000. Marshall Wace LLP owned approximately 0.55% of Gold Resource as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. BNP Paribas Arbitrage SA raised its position in shares of Gold Resource by 483.7% during the first quarter. BNP Paribas Arbitrage SA now owns 12,252 shares of the basic materials company’s stock valued at $48,000 after buying an additional 10,153 shares during the last quarter. First Republic Investment Management Inc. acquired a new position in shares of Gold Resource during the first quarter valued at about $49,000. Metropolitan Life Insurance Co. NY raised its position in shares of Gold Resource by 362.9% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 18,528 shares of the basic materials company’s stock valued at $74,000 after buying an additional 14,525 shares during the last quarter. Raymond James & Associates raised its position in shares of Gold Resource by 17.0% during the fourth quarter. Raymond James & Associates now owns 23,456 shares of the basic materials company’s stock valued at $94,000 after buying an additional 3,401 shares during the last quarter. Finally, MetLife Investment Advisors LLC raised its position in Gold Resource by 28.5% in the fourth quarter. MetLife Investment Advisors LLC now owns 25,100 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 5,570 shares in the last quarter.
Several analysts have recently commented on GORO shares. Roth Capital reissued a “buy” rating on shares of Gold Resource in a research note on Tuesday, June 11th. HC Wainwright increased their price target on shares of Cara Therapeutics from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Finally, Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Tuesday.
Shares of GORO traded up $0.22 during midday trading on Thursday, reaching $3.77. The stock had a trading volume of 1,576,586 shares, compared to its average volume of 622,071. Gold Resource Co. has a one year low of $2.73 and a one year high of $7.23.
Gold Resource (NYSEAMERICAN:GORO) last announced its earnings results on Tuesday, May 7th. The basic materials company reported $0.01 EPS for the quarter. The company had revenue of $26.58 million for the quarter.
The business also recently disclosed a dividend, which will be paid on Tuesday, July 23rd. Investors of record on Thursday, July 11th will be given a dividend of $0.0017 per share. The ex-dividend date of this dividend is Wednesday, July 10th.
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 Aguila project comprising 18 mining concessions aggregating approximately 25,264 hectares located in the State of Oaxaca, Mexico.
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