Bank of New York Mellon Corp reduced its position in shares of Gold Resource Co. (NYSEAMERICAN:GORO) by 6.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 258,301 shares of the basic materials company’s stock after selling 18,854 shares during the quarter. Bank of New York Mellon Corp owned about 0.45% of Gold Resource worth $1,703,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in GORO. Alps Advisors Inc. bought a new stake in shares of Gold Resource in the 2nd quarter valued at about $2,235,000. Dimensional Fund Advisors LP increased its stake in shares of Gold Resource by 23.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,318,856 shares of the basic materials company’s stock valued at $5,948,000 after acquiring an additional 249,355 shares during the last quarter. Millennium Management LLC increased its stake in shares of Gold Resource by 36.7% in the 1st quarter. Millennium Management LLC now owns 206,743 shares of the basic materials company’s stock valued at $932,000 after acquiring an additional 55,484 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of Gold Resource in the 2nd quarter valued at about $211,000. Finally, Barclays PLC increased its stake in shares of Gold Resource by 253.9% in the 1st quarter. Barclays PLC now owns 41,799 shares of the basic materials company’s stock valued at $188,000 after acquiring an additional 29,988 shares during the last quarter.
In related news, COO Richard M. Irvine sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $5.00, for a total transaction of $100,000.00. Following the completion of the sale, the chief operating officer now directly owns 51,244 shares of the company’s stock, valued at approximately $256,220. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Gold Resource (NYSEAMERICAN:GORO) last posted its earnings results on Tuesday, July 31st. The basic materials company reported $0.06 earnings per share (EPS) for the quarter. Gold Resource had a return on equity of 15.94% and a net margin of 14.72%. The business had revenue of $30.77 million during the quarter.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 23rd. Investors of record on Thursday, October 11th will be paid a dividend of $0.0017 per share. The ex-dividend date is Wednesday, October 10th. This represents a $0.02 dividend on an annualized basis and a yield of 0.35%.
Separately, TheStreet cut Gold Resource from a “b-” rating to a “c+” rating in a research note on Thursday, August 16th.
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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