Gold Resource Co. (NYSEAMERICAN:GORO) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 1,774,796 shares, a drop of 3.8% from the February 15th total of 1,845,730 shares. Based on an average trading volume of 294,162 shares, the short-interest ratio is presently 6.0 days. Currently, 3.4% of the company’s stock are sold short.
Shares of Gold Resource (NYSEAMERICAN:GORO) traded up $0.15 during mid-day trading on Friday, reaching $4.60. 393,680 shares of the company’s stock traded hands, compared to its average volume of 360,236. The firm has a market cap of $256.28, a price-to-earnings ratio of 23.00 and a beta of 0.52. Gold Resource has a 52 week low of $3.08 and a 52 week high of $5.05.
The business also recently declared a monthly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Monday, March 12th will be issued a $0.0017 dividend. The ex-dividend date is Friday, March 9th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.44%. Gold Resource’s dividend payout ratio (DPR) is presently 10.00%.
Several institutional investors and hedge funds have recently made changes to their positions in GORO. Alliancebernstein L.P. acquired a new position in shares of Gold Resource in the 2nd quarter valued at $257,000. Teachers Advisors LLC raised its stake in shares of Gold Resource by 12.8% in the 2nd quarter. Teachers Advisors LLC now owns 98,356 shares of the basic materials company’s stock valued at $401,000 after acquiring an additional 11,196 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Gold Resource by 6.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 137,705 shares of the basic materials company’s stock valued at $562,000 after acquiring an additional 7,979 shares during the period. Vanguard Group Inc. raised its stake in shares of Gold Resource by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,315,810 shares of the basic materials company’s stock valued at $9,448,000 after acquiring an additional 124,268 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Gold Resource by 102.9% in the 2nd quarter. California Public Employees Retirement System now owns 160,900 shares of the basic materials company’s stock valued at $656,000 after acquiring an additional 81,600 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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