Insider Selling: Gold Resource Co. (GORO) VP Sells 50,000 Shares of Stock

Gold Resource Co. (NYSEAMERICAN:GORO) VP Barry D. Devlin sold 50,000 shares of the business’s stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $6.10, for a total transaction of $305,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gold Resource traded up $0.14, hitting $6.30, during mid-day trading on Thursday, Marketbeat.com reports. 20,573 shares of the stock traded hands, compared to its average volume of 335,706. Gold Resource Co. has a 52 week low of $3.37 and a 52 week high of $6.44.

Gold Resource (NYSEAMERICAN:GORO) last issued its quarterly earnings results on Tuesday, May 1st. The basic materials company reported $0.09 EPS for the quarter. The company had revenue of $32.15 million for the quarter. Gold Resource had a net margin of 14.72% and a return on equity of 15.94%.

The company also recently declared a monthly dividend, which will be paid on Monday, June 25th. Investors of record on Monday, June 11th will be issued a dividend of $0.0017 per share. The ex-dividend date is Friday, June 8th. This represents a $0.02 annualized dividend and a yield of 0.32%.

Separately, TheStreet upgraded shares of Gold Resource from a “c+” rating to a “b-” rating in a report on Tuesday, April 3rd.

Large investors have recently modified their holdings of the stock. Van ECK Associates Corp boosted its position in Gold Resource by 3.2% in the 1st quarter. Van ECK Associates Corp now owns 4,272,515 shares of the basic materials company’s stock valued at $19,269,000 after buying an additional 133,713 shares during the period. BlackRock Inc. boosted its position in Gold Resource by 1.7% in the 4th quarter. BlackRock Inc. now owns 3,244,479 shares of the basic materials company’s stock valued at $14,277,000 after buying an additional 55,058 shares during the period. Chartwell Investment Partners LLC boosted its position in Gold Resource by 39.1% in the 4th quarter. Chartwell Investment Partners LLC now owns 2,902,450 shares of the basic materials company’s stock valued at $12,771,000 after buying an additional 816,243 shares during the period. Dimensional Fund Advisors LP boosted its position in Gold Resource by 23.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,318,856 shares of the basic materials company’s stock valued at $5,948,000 after buying an additional 249,355 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Gold Resource by 35.6% in the 4th quarter. Renaissance Technologies LLC now owns 864,200 shares of the basic materials company’s stock valued at $3,802,000 after buying an additional 226,900 shares during the period.

Gold Resource Company Profile

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 El Aguila project comprising 19 mining concessions aggregating approximately 30,215 hectares located in the State of Oaxaca.

Receive News & Ratings for Gold Resource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Resource and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply