Gold Resource Co. (NASDAQ:GORO) Stake Boosted by American International Group Inc.
American International Group Inc. raised its position in Gold Resource Co. (NASDAQ:GORO) by 7.1% during the first quarter, Holdings Channel reports. The firm owned 30,798 shares of the basic materials company’s stock after buying an additional 2,040 shares during the period. American International Group Inc.’s holdings in Gold Resource were worth $139,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in shares of Gold Resource by 6.9% in the first quarter. Bank of New York Mellon Corp now owns 253,066 shares of the basic materials company’s stock worth $1,144,000 after buying an additional 16,377 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Gold Resource by 30.6% in the first quarter. Parametric Portfolio Associates LLC now owns 226,237 shares of the basic materials company’s stock worth $1,023,000 after buying an additional 53,034 shares during the period. Teachers Advisors LLC increased its stake in shares of Gold Resource by 7.0% in the fourth quarter. Teachers Advisors LLC now owns 87,160 shares of the basic materials company’s stock worth $379,000 after buying an additional 5,669 shares during the period. Seizert Capital Partners LLC acquired a new stake in shares of Gold Resource during the first quarter worth about $325,000. Finally, Oxford Asset Management acquired a new stake in shares of Gold Resource during the first quarter worth about $196,000.
Shares of Gold Resource Co. (GORO) opened at 3.56 on Monday. Gold Resource Co. has a one year low of $3.08 and a one year high of $8.22. The stock has a market capitalization of $202.35 million and a P/E ratio of 64.73. The firm’s 50-day moving average price is $4.08 and its 200-day moving average price is $4.37.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Friday, August 11th will be paid a dividend of $0.0017 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.02 annualized dividend and a dividend yield of 0.56%.
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Gold Resource Company Profile
Gold Resource Corporation is a mining company. The Company is a producer of metal concentrates that contain gold, silver, copper, lead and zinc, and dore containing gold and silver at the Aguila Project within its Oaxaca Mining Unit located in the southern state of Oaxaca, Mexico. The Company has two units in North America, the Oaxaca Mining Unit and the Nevada Mining Unit.
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