GoGold Resources (TSE:GGD) Shares Up 1.7% – Time to Buy?

GoGold Resources Inc. (TSE:GGD) traded up 1.7% on Monday . The stock traded as high as C$2.40 and last traded at C$2.35. 3,239,872 shares changed hands during mid-day trading, an increase of 22% from the average session volume of 2,662,543 shares. The stock had previously closed at C$2.31.

Analyst Ratings Changes

Separately, Stifel Nicolaus set a C$5.25 target price on GoGold Resources and gave the stock a “buy” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$5.25.

GoGold Resources Stock Performance

The firm’s fifty day simple moving average is C$3.27 and its 200 day simple moving average is C$2.90. The stock has a market capitalization of C$1.02 billion, a P/E ratio of 29.01 and a beta of 1.36.

GoGold Resources (TSE:GGD) last issued its quarterly earnings results on Wednesday, February 11th. The company reported C$0.05 earnings per share for the quarter. The company had revenue of C$42.69 million during the quarter. GoGold Resources had a net margin of 44.59% and a return on equity of 10.23%. Analysts anticipate that GoGold Resources Inc. will post 0.0349744 earnings per share for the current fiscal year.

About GoGold Resources

GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration and development projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects.