Fiscal Wisdom Wealth Management LLC Sells 11,988,312 Shares of Gold Resource Co. $GORO

Fiscal Wisdom Wealth Management LLC lowered its holdings in shares of Gold Resource Co. (NYSE:GORO) by 25.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,576,766 shares of the company’s stock after selling 11,988,312 shares during the quarter. Gold Resource comprises about 41.0% of Fiscal Wisdom Wealth Management LLC’s investment portfolio, making the stock its biggest position. Fiscal Wisdom Wealth Management LLC owned approximately 0.22% of Gold Resource worth $42,692,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GORO. XTX Topco Ltd boosted its holdings in Gold Resource by 47.5% in the fourth quarter. XTX Topco Ltd now owns 138,592 shares of the company’s stock worth $115,000 after purchasing an additional 44,644 shares in the last quarter. State Street Corp lifted its position in shares of Gold Resource by 16.8% in the fourth quarter. State Street Corp now owns 559,416 shares of the company’s stock worth $463,000 after buying an additional 80,600 shares during the last quarter. Alps Advisors Inc. acquired a new stake in shares of Gold Resource in the fourth quarter worth about $105,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Gold Resource by 48.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,071,771 shares of the company’s stock worth $3,404,000 after acquiring an additional 1,323,290 shares in the last quarter. Finally, Virtu Financial LLC boosted its stake in shares of Gold Resource by 123.1% during the 3rd quarter. Virtu Financial LLC now owns 132,471 shares of the company’s stock worth $111,000 after acquiring an additional 73,101 shares in the last quarter. Institutional investors and hedge funds own 18.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GORO shares. HC Wainwright cut their price objective on Gold Resource from $2.00 to $1.75 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Zacks Research upgraded shares of Gold Resource to a “hold” rating in a research note on Thursday, March 19th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1.75.

Gold Resource Stock Performance

Gold Resource stock opened at $0.93 on Friday. Gold Resource Co. has a 52 week low of $0.43 and a 52 week high of $1.87. The firm has a market capitalization of $149.81 million, a PE ratio of -1.89 and a beta of 1.02. The business’s 50-day simple moving average is $1.28 and its 200-day simple moving average is $1.33.

Gold Resource Profile

Gold Resource Corporation (NYSE: GORO) is a Denver, Colorado–based precious metals producer focused on gold and silver mining and processing. The company’s principal operations are located in Oaxaca State, Mexico, where it holds 100% interest in the Arista underground mine and the El Águila tailings reprocessing facility. Gold Resource’s Mexican operations are complemented by corporate and administrative offices in Denver and field offices in Mexico City.

At the Arista mine, Gold Resource conducts underground mining of high-grade gold and silver veins, producing doré bars and metal concentrates that are shipped to third-party smelters.