Gogold Resources (TSE:GGD) Given a C$1.25 Price Target by Pi Financial Analysts

Gogold Resources (TSE:GGD) received a C$1.25 target price from investment analysts at Pi Financial in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Pi Financial’s price target would suggest a potential upside of 123.21% from the stock’s previous close.

TSE GGD opened at C$0.56 on Wednesday. Gogold Resources has a 12 month low of C$0.27 and a 12 month high of C$0.85. The company has a 50-day moving average of C$0.61 and a 200-day moving average of C$0.64. The company has a debt-to-equity ratio of 2.74, a current ratio of 2.46 and a quick ratio of 1.53. The company has a market cap of $111.01 million and a P/E ratio of 186.67.

Gogold Resources Company Profile

GoGold Resources Inc engages in the exploration, development, and production of mineral properties in Mexico. The company primarily explores for gold and silver deposits. It holds a 100% interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihuahua, Mexico.

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