Gold Resource Co. (NASDAQ:GORO) Stake Reduced by Renaissance Technologies LLC

Renaissance Technologies LLC cut its stake in shares of Gold Resource Co. (NASDAQ:GORO) by 14.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,798,300 shares of the basic materials company’s stock after selling 309,400 shares during the period. Renaissance Technologies LLC owned approximately 3.16% of Gold Resource worth $8,128,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. American International Group Inc. raised its position in Gold Resource by 7.1% in the first quarter. American International Group Inc. now owns 30,798 shares of the basic materials company’s stock valued at $139,000 after buying an additional 2,040 shares during the period. Oxford Asset Management acquired a new position in Gold Resource during the first quarter valued at approximately $196,000. Global X Management Co. LLC raised its position in Gold Resource by 234.0% in the first quarter. Global X Management Co. LLC now owns 49,603 shares of the basic materials company’s stock valued at $224,000 after buying an additional 34,750 shares during the period. Seizert Capital Partners LLC acquired a new position in Gold Resource during the first quarter valued at approximately $325,000. Finally, California Public Employees Retirement System raised its position in Gold Resource by 27.7% in the first quarter. California Public Employees Retirement System now owns 79,300 shares of the basic materials company’s stock valued at $358,000 after buying an additional 17,200 shares during the period.

Gold Resource Co. (GORO) opened at 3.56 on Friday. The company has a 50-day moving average price of $4.08 and a 200 day moving average price of $4.37. The stock has a market cap of $202.35 million and a price-to-earnings ratio of 64.73. Gold Resource Co. has a 12-month low of $3.08 and a 12-month high of $8.22.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Friday, August 11th will be issued a $0.0017 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.02 dividend on an annualized basis and a 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.