GoGold Resources Inc. (TSE:GGD) to Post FY2021 Earnings of $0.05 Per Share, Pi Financial Forecasts

GoGold Resources Inc. (TSE:GGD) – Investment analysts at Pi Financial decreased their FY2021 earnings per share (EPS) estimates for GoGold Resources in a report issued on Tuesday, September 21st. Pi Financial analyst P. Ker now anticipates that the company will earn $0.05 per share for the year, down from their prior forecast of $0.09.

Separately, Eight Capital initiated coverage on shares of GoGold Resources in a report on Thursday, June 24th. They issued a “buy” rating and a C$4.10 price objective for the company.

Shares of GGD opened at C$3.04 on Wednesday. The firm has a market cap of C$844.33 million and a price-to-earnings ratio of 12.31. The company has a debt-to-equity ratio of 0.65, a quick ratio of 8.24 and a current ratio of 9.20. GoGold Resources has a fifty-two week low of C$1.37 and a fifty-two week high of C$3.55. The firm has a 50 day moving average price of C$2.98 and a 200-day moving average price of C$2.80.

About GoGold Resources

GoGold Resources Inc engages in the exploration, development, and production of gold and silver primarily in Mexico. The company holds an interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihuahua, Mexico. It also holds an option to acquire 100% concessions of the Los Ricos project, which covers 42 concessions with an area of approximately 22,000 hectares situated in the Jalisco State, Mexico.

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