5 Gold Stocks Under $5

Page 5 of 5

1. Gold Resource Corporation (NYSE:GORO)

Number of Hedge Fund Holders: 11  

Real-Time Share Price as of April 22: $2.20   

Gold Resource Corporation (NYSE:GORO) develops and produces gold and silver projects. The company posted earnings for the fourth quarter of 2021 on March 11, reporting a revenue of $38 million, up more than 28% compared to the revenue over the same period last year. During the period, the firm produced and sold 22,644 gold ounces, 1,066,581 silver ounces, 1,420 copper tonnes, 5,999 lead tonnes and 13,553 zinc tonnes. The 2022 gold guidance stood at 24,000 to 26,000 ounces. 

One of the premier projects of Gold Resource Corporation (NYSE:GORO) is the Back Forty project covering around 1,304 hectares located in Menominee county in Michigan. In addition to gold, the firm has interests in copper, lead, and zinc. 

At the end of the fourth quarter of 2021, 11 hedge funds in the database of Insider Monkey held stakes worth $5.1 million in Gold Resource Corporation (NYSE:GORO), up from 10 in the previous quarter worth $5.6 million.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in Gold Resource Corporation (NYSE:GORO) with 718,860 shares worth more than $1.1 million.  

You can also take a peek at 10 Cheap Dividend Kings with Over 2% Yield and 12 Best Semiconductor Stocks To Invest In Right Now.

Page 5 of 5