Gold Resource Co. (NYSEAMERICAN:GORO) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 1,462,677 shares, a decline of 9.1% from the November 15th total of 1,608,538 shares. Approximately 2.7% of the shares of the stock are sold short. Based on an average trading volume of 285,805 shares, the days-to-cover ratio is currently 5.1 days.

Gold Resource (NYSEAMERICAN:GORO) opened at $3.80 on Tuesday. Gold Resource has a 52-week low of $3.08 and a 52-week high of $6.27.

Gold Resource (NYSEAMERICAN:GORO) last issued its earnings results on Tuesday, October 31st. The basic materials company reported $0.08 EPS for the quarter. Gold Resource had a net margin of 14.72% and a return on equity of 15.94%. The company had revenue of $31.12 million for the quarter.

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Monday, December 11th will be paid a dividend of $0.0017 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Friday, December 8th. Gold Resource’s dividend payout ratio (DPR) is presently 18.18%.

A number of hedge funds have recently modified their holdings of the business. Van ECK Associates Corp raised its stake in Gold Resource by 1.3% during the third quarter. Van ECK Associates Corp now owns 3,558,299 shares of the basic materials company’s stock worth $13,344,000 after purchasing an additional 47,268 shares during the period. Vanguard Group Inc. raised its stake in Gold Resource by 5.7% during the second quarter. Vanguard Group Inc. now owns 2,315,810 shares of the basic materials company’s stock worth $9,448,000 after purchasing an additional 124,268 shares during the period. Chartwell Investment Partners LLC raised its stake in Gold Resource by 129.7% during the third quarter. Chartwell Investment Partners LLC now owns 2,086,207 shares of the basic materials company’s stock worth $7,823,000 after purchasing an additional 1,178,087 shares during the period. State Street Corp raised its stake in Gold Resource by 13.0% during the second quarter. State Street Corp now owns 1,125,184 shares of the basic materials company’s stock worth $4,591,000 after purchasing an additional 129,813 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Gold Resource by 12.9% during the second quarter. Dimensional Fund Advisors LP now owns 820,121 shares of the basic materials company’s stock worth $3,346,000 after purchasing an additional 93,976 shares during the period.

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About Gold Resource

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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