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| Land This Bargain Metals Stock With 4.5% Yield Even Cheaper Than Chief Executive Officer Reid DidBy Metals Channel Staff, Tuesday, November 27, 11:50 AM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 21, Gold Resource Corp's Chief Executive Officer, William W. Reid, invested $99,172.88 into 6,188 shares of GORO, for a cost per share of $16.03. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Tuesday, bargain hunters could buy shares of Gold Resource Corp (AMEX:GORO) and achieve a cost basis 1.2% cheaper than Reid, with shares changing hands as low as $15.83 per share. Gold Resource Corp shares are currently trading down about 0.4% on the day. The chart below shows the one year performance of GORO shares, versus its 200 day moving average:
Looking at the chart above, GORO's low point in its 52 week range is $12.13 per share, with $28.37 as the 52 week high point — that compares with a last trade of $15.83. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
The current annualized dividend paid by Gold Resource Corp is $0.72/share, currently paid in monthly installments, and its most recent dividend ex-date was on 11/07/2012. Below is a long-term dividend history chart for GORO, which can be of good help in judging whether the most recent dividend with approx. 4.5% annualized yield is likely to continue.
GORO makes up 2.40% of the Pure Gold Miners ETF (AMEX:GGGG) Special Offer: Establish a secure stream of income during your retirement years by following the Retiree Income Portfolio with this free 30 day trial Relevant Stock Market Definitions The Importance of Dividends, Exchange Traded Fund Definition, The Importance of ETFs, Dow Jones Industrial Average Definition, Form 4 Definition, The Importance of Insider Buying, Individual Retirement Account Definition, Price-To-Earnings Definition, What Is An Annuity?
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