Gold Resource Co. (NYSEAMERICAN:GORO) saw a significant growth in short interest during the month of December. As of December 29th, there was short interest totalling 1,383,182 shares, a growth of 2.5% from the December 15th total of 1,349,241 shares. Based on an average daily volume of 472,877 shares, the days-to-cover ratio is currently 2.9 days. Approximately 2.5% of the shares of the company are sold short.
Gold Resource (NYSEAMERICAN GORO) traded down $0.05 during trading on Wednesday, hitting $4.23. The stock had a trading volume of 280,300 shares, compared to its average volume of 342,367. Gold Resource has a 52 week low of $3.08 and a 52 week high of $6.27. The firm has a market capitalization of $249.75, a P/E ratio of 38.45 and a beta of 0.32.
Gold Resource (NYSEAMERICAN:GORO) last posted its earnings results on Tuesday, October 31st. The basic materials company reported $0.08 EPS for the quarter. Gold Resource had a return on equity of 15.94% and a net margin of 14.72%. The company had revenue of $31.12 million for the quarter.
The business also recently declared a monthly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Thursday, January 11th will be paid a $0.0017 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Wednesday, January 10th. Gold Resource’s dividend payout ratio (DPR) is currently 18.18%.
Several hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its stake in shares of Gold Resource by 9.3% in the second quarter. The Manufacturers Life Insurance Company now owns 42,408 shares of the basic materials company’s stock valued at $172,000 after buying an additional 3,612 shares during the period. M&T Bank Corp boosted its stake in shares of Gold Resource by 19.8% in the second quarter. M&T Bank Corp now owns 30,275 shares of the basic materials company’s stock valued at $123,000 after buying an additional 5,000 shares during the period. Voya Investment Management LLC boosted its stake in shares of Gold Resource by 44.9% in the second quarter. Voya Investment Management LLC now owns 24,632 shares of the basic materials company’s stock valued at $100,000 after buying an additional 7,632 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Gold Resource by 6.2% in the second quarter. TIAA CREF Investment Management LLC now owns 137,705 shares of the basic materials company’s stock valued at $562,000 after buying an additional 7,979 shares during the period. Finally, Teachers Advisors LLC boosted its stake in shares of Gold Resource by 12.8% in the second quarter. Teachers Advisors LLC now owns 98,356 shares of the basic materials company’s stock valued at $401,000 after buying an additional 11,196 shares during the period.
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Gold Resource Company Profile
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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