Analyst Rating Update on Gold Resource Corporation (GORO)

Gold Resource Corporation (NYSEMKT:GORO) : Zacks Investment Research ranks Gold Resource Corporation (NYSEMKT:GORO) as 4, which is a Sell recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 1 research analysts is 1, which indicates as a Strong Buy.

For the current week, the company shares have a recommendation consensus of Buy.

Gold Resource Corporation (NYSEMKT:GORO): stock turned positive on Tuesday. Though the stock opened at $3.22, the bulls momentum made the stock top out at $3.48 level for the day. The stock recorded a low of $3.19 and closed the trading day at $3.41, in the green by 4.28%. The total traded volume for the day was 933,235. The stock had closed at $3.27 in the previous days trading.

In an insider trading activity, Devlin Barry D, officer (VP Exploration) of Gold Resource Corp had purchased 4,000 shares on May 26, 2015 in a transaction. The price per share was $3.1 and the total amount of the disclosed transaction was $12,400.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Gold Resource Corporation is a mining company. The Company is engaged in the exploration, production and evaluation of precious and base metal properties. It is a producer of metal concentrates that contain gold, silver, copper, lead and zinc. The Company has 100% interest in six potential high-grade gold and silver properties at its producing Oaxaca, Mexico Mining Unit and exploration properties at its Nevada, the United States, Mining Unit. Its flagship project is the El Aguila Project, where the La Arista underground polymetallic deposit is in production. The La Arista deposit produces gold and silver, as well as the base metals copper, lead and zinc. The mill production totaled approximately 83,903 ounces of precious metal gold equivalent from the La Arista mine. The El Aguila Project comprises 17 mining concessions aggregating to approximately 30,074 hectares. The Companys mineral properties are classified into two categories: Operating Properties and Exploration Properties.

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