California State Teachers Retirement System bought a new position in shares of Gold Resource Co. (NYSEMKT:GORO) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 104,859 shares of the company’s stock, valued at approximately $376,000. California State Teachers Retirement System owned 0.19% of Gold Resource as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Gold Resource by 11.0% in the first quarter. Geode Capital Management LLC now owns 325,087 shares of the company’s stock worth $756,000 after buying an additional 32,236 shares in the last quarter. Spark Investment Management LLC boosted its stake in shares of Gold Resource by 64.9% in the first quarter. Spark Investment Management LLC now owns 236,000 shares of the company’s stock worth $549,000 after buying an additional 92,900 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Gold Resource by 32.8% in the second quarter. Bank of New York Mellon Corp now owns 524,199 shares of the company’s stock worth $1,881,000 after buying an additional 129,553 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Gold Resource during the second quarter worth $650,000.
Gold Resource Co. (NYSEMKT:GORO) traded down 3.83% during trading on Friday, reaching $5.27. 629,942 shares of the company’s stock traded hands. The stock has a market capitalization of $285.98 million, a P/E ratio of 79.85 and a beta of 1.15. The company has a 50-day moving average of $6.19 and a 200 day moving average of $4.55. Gold Resource Co. has a 12 month low of $1.14 and a 12 month high of $8.22.
The company also recently declared a monthly dividend, which will be paid on Monday, October 24th. Stockholders of record on Tuesday, October 11th will be given a dividend of $0.0017 per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $0.02 annualized dividend and a dividend yield of 0.37%. Gold Resource’s dividend payout ratio is currently 33.33%.
Separately, Zacks Investment Research upgraded shares of Gold Resource from a “sell” rating to a “hold” rating in a research note on Monday, July 18th.
In related news, COO Richard M. Irvine sold 34,666 shares of the company’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $5.90, for a total value of $204,529.40. Following the completion of the sale, the chief operating officer now owns 48,666 shares of the company’s stock, valued at $287,129.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gregory A. Patterson sold 33,333 shares of the company’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $5.81, for a total transaction of $193,664.73. Following the completion of the sale, the vice president now directly owns 395,263 shares of the company’s stock, valued at approximately $2,296,478.03. The disclosure for this sale can be found here.
About Gold Resource
Gold Resource Corporation is a producer of metal concentrates that contain gold, silver, copper, lead and zinc, and dore containing gold and silver at the Aguila Project in the southern state of Oaxaca, Mexico (Oaxaca). The Company has two units in North America, the Oaxaca Mining Unit and the Nevada Mining Unit.
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