5 Best Junior Mining Gold Stocks to Buy in 2022

2. Gold Resource Corporation (NYSE:GORO)

Number of Hedge Fund Holders: 10

Gold Resource Corporation (NYSE:GORO) was founded in 1998 and is headquartered in Denver, Colorado. The company specializes in the exploration, development, and production of gold and silver projects in Mexico and the United States. The company also explores for copper, lead, and zinc deposits. On July 28, Gold Resource Corporation (NYSE:GORO) declared a $0.01 per share quarterly dividend, which was distributed to shareholders on September 30. The dividend yield on October 12 came in at 2.50%. 

Alliance Global Partners analyst Jake Sekelsky on July 21 initiated coverage of Gold Resource Corporation (NYSE:GORO) with a Buy rating and a $4.25 price target. The company is an undervalued low-cost precious metals producer with a clear path to internal production growth, the analyst told investors in a research note. He also noted that Gold Resource Corporation (NYSE:GORO) has consecutively returned excess capital to shareholders in dividends over the last decade, and he expects this policy to continue in the future.  

According to Insider Monkey’s data, 10 hedge funds were long Gold Resource Corporation (NYSE:GORO) at the end of June 2022, compared to 11 funds in the prior quarter. Jim Simons’ Renaissance Technologies is the leading position holder in the company, with 1.20 million shares worth about $2 million.