Gold Resource Co. (NYSEAMERICAN:GORO) declared a monthly dividend on Friday, April 26th, Wall Street Journal reports. Stockholders of record on Monday, May 13th will be given a dividend of 0.0017 per share by the basic materials company on Thursday, May 23rd. This represents a $0.02 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, May 10th.
Gold Resource has decreased its dividend payment by an average of 45.0% per year over the last three years.
NYSEAMERICAN GORO opened at $3.83 on Friday. Gold Resource has a 52 week low of $3.57 and a 52 week high of $7.33.
An institutional investor recently raised its position in Gold Resource stock. Geode Capital Management LLC raised its position in shares of Gold Resource Co. (NYSEAMERICAN:GORO) by 7.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 586,707 shares of the basic materials company’s stock after buying an additional 40,279 shares during the quarter. Geode Capital Management LLC owned about 1.02% of Gold Resource worth $2,346,000 as of its most recent SEC filing.
Separately, HC Wainwright started coverage on Gold Resource in a research note on Monday, March 25th. They set a “buy” rating and a $7.75 target price on the stock.
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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 Aguila project comprising 18 mining concessions aggregating approximately 25,264 hectares located in the State of Oaxaca, Mexico.
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