GoGold Resources (TSE:GGD) Sets New 1-Year High – Should You Buy?

GoGold Resources Inc. (TSE:GGD)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$4.13 and last traded at C$4.12, with a volume of 593464 shares changing hands. The stock had previously closed at C$3.96.

Analyst Ratings Changes

Separately, Desjardins set a C$5.50 target price on GoGold Resources and gave the stock a “buy” rating in a research note on Friday, April 24th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, GoGold Resources has an average rating of “Buy” and a consensus target price of C$5.38.

GoGold Resources Price Performance

The firm’s 50 day simple moving average is C$3.27 and its two-hundred day simple moving average is C$3.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.83 and a quick ratio of 8.30. The firm has a market capitalization of C$1.79 billion, a P/E ratio of 37.45 and a beta of 2.04.

GoGold Resources (TSE:GGD) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.04 EPS for the quarter. The firm had revenue of C$39.44 million for the quarter. GoGold Resources had a return on equity of 11.73% and a net margin of 49.86%. As a group, analysts predict that GoGold Resources Inc. will post 0.0349744 earnings per share for the current year.

GoGold Resources Company Profile

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.