Gold Resource (NASDAQ:GORO) major shareholder Mining Plc Hochschild unloaded 2,250,000 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $3.92, for a total transaction of $8,820,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a companys shares are required to disclose their transactions with the SEC.
Gold Resource (NASDAQ:GORO) traded up 1.39% on Thursday, hitting $4.37. 795,403 shares of the companys stock traded hands. Gold Resource has a 1-year low of $3.52 and a 1-year high of $10.20. The stock has a 50-day moving average of $4.58 and a 200-day moving average of $4.95. The company has a market cap of $236.8 million and a price-to-earnings ratio of 2155.00.
Gold Resource (NASDAQ:GORO) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.08. Analysts expect that Gold Resource will post $0.35 EPS for the current fiscal year.
The company also recently declared a apr 14 dividend, which is scheduled for Friday, May 23rd. Stockholders of record on Monday, May 12th will be given a dividend of $0.01 per share. This represents a yield of 2.55%. The ex-dividend date of this dividend is Thursday, May 8th.
GORO has been the subject of a number of recent research reports. Analysts atZacks downgraded shares of Gold Resource from a neutral rating to an underperform rating in a research note on Wednesday, April 23rd. They now have a $4.50 price target on the stock. Separately, analysts at TheStreet downgraded shares of Gold Resource from a hold rating to a sell rating in a research note on Monday, April 21st.
Gold Resource Corporation is engaged in the exploration for and production of gold and silver in Mexico.
