Gold Resource Co. (NYSEAMERICAN:GORO) CFO John A. Labate sold 60,000 shares of the company’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $6.49, for a total value of $389,400.00. Following the sale, the chief financial officer now owns 65,978 shares in the company, valued at $428,197.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of GORO opened at $6.59 on Friday. Gold Resource Co. has a 1 year low of $3.37 and a 1 year high of $6.92.
Gold Resource (NYSEAMERICAN:GORO) last issued its earnings results on Tuesday, May 1st. The basic materials company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $32.15 million during the quarter. Gold Resource had a return on equity of 15.94% and a net margin of 14.72%.
The business also recently disclosed a monthly dividend, which will be paid on Monday, July 23rd. Stockholders of record on Wednesday, July 11th will be paid a dividend of $0.0017 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Tuesday, July 10th.
Separately, TheStreet upgraded shares of Gold Resource from a “c+” rating to a “b-” rating in a research report on Tuesday, April 3rd.
Large investors have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Gold Resource by 46.1% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 700,000 shares of the basic materials company’s stock valued at $3,080,000 after purchasing an additional 220,900 shares during the period. Deutsche Bank AG boosted its stake in shares of Gold Resource by 94.7% during the fourth quarter. Deutsche Bank AG now owns 118,798 shares of the basic materials company’s stock valued at $521,000 after purchasing an additional 57,794 shares during the period. Stone Ridge Asset Management LLC purchased a new stake in shares of Gold Resource during the fourth quarter valued at approximately $400,000. BlackRock Inc. boosted its stake in shares of Gold Resource by 1.7% during the fourth quarter. BlackRock Inc. now owns 3,244,479 shares of the basic materials company’s stock valued at $14,277,000 after purchasing an additional 55,058 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Gold Resource by 38.7% during the fourth quarter. Wells Fargo & Company MN now owns 79,972 shares of the basic materials company’s stock valued at $352,000 after purchasing an additional 22,298 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.
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