Gold Resource (NASDAQ:GORO) major shareholder Mining Plc Hochschild sold 22,646 shares of the stock on the open market in a transaction dated Monday, July 14th. The shares were sold at an average price of $4.96, for a total transaction of $112,324.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of Gold Resource (NASDAQ:GORO) opened at 5.18 on Friday. Gold Resource has a 52-week low of $3.52 and a 52-week high of $9.43. The stock’s 50-day moving average is $4.75 and its 200-day moving average is $4.82. The company’s market cap is $280.6 million.
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 $0.60 EPS for the current fiscal year.
The company also recently declared a jun 14 dividend, which is scheduled for Wednesday, July 23rd. Stockholders of record on Friday, July 11th will be given a dividend of $0.01 per share. This represents a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 9th.
GORO has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of Gold Resource from a “sell” rating to a “hold” rating in a research note on Thursday, June 19th. Separately, analysts at Zacks upgraded shares of Gold Resource from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 22nd. They now have a $4.60 price target on the stock. Finally, analysts at Zacks 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.
Gold Resource Corporation is engaged in the exploration for and production of gold and silver in Mexico.
