Insider Buying: Gold Resource VP Buys 4,000 Shares of Stock (GORO)
Gold Resource (NASDAQ:GORO) VP Gregory A. Patterson purchased 4,000 shares of the stock in a transaction dated Monday, June 9th. The stock was purchased at an average cost of $4.29 per share, for a total transaction of $17,160.00. Following the acquisition, the vice president now directly owns 361,930 shares in the company, valued at approximately $1,552,680. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on GORO. 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 TheStreet downgraded shares of Gold Resource from a “hold” rating to a “sell” rating in a research note on Monday, April 21st.
Shares of Gold Resource (NASDAQ:GORO) traded up 1.63% during mid-day trading on Tuesday, hitting $4.36. 305,479 shares of the company’s 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 $4.33 and a 200-day moving average of $4.82. The company’s market cap is $236.2 million.
Gold Resource (NASDAQ:GORO) last released its earnings data 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. On average, analysts predict that Gold Resource will post $0.60 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which is scheduled for Monday, June 23rd. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Monday, June 9th.
Gold Resource Corporation is engaged in the exploration for and production of gold and silver in Mexico.
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