GoGold Resources (TSE:GGD) Given a C$5.25 Price Target at Stifel Nicolaus

GoGold Resources (TSE:GGD) received a C$5.25 price objective from equities researchers at Stifel Nicolaus in a report released on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 44.23% from the stock’s previous close.

GoGold Resources Stock Performance

Shares of TSE GGD traded down C$0.02 during mid-day trading on Monday, reaching C$3.64. 922,722 shares of the company traded hands, compared to its average volume of 2,947,183. The company’s fifty day moving average is C$3.26 and its two-hundred day moving average is C$2.82. GoGold Resources has a fifty-two week low of C$1.42 and a fifty-two week high of C$4.12. The stock has a market cap of C$1.58 billion, a PE ratio of 44.94 and a beta of 1.37.

GoGold Resources (TSE:GGD) last posted its earnings results on Wednesday, February 11th. The company reported C$0.05 earnings per share for the quarter. GoGold Resources had a return on equity of 0.60% and a net margin of 4.64%.The firm had revenue of C$42.69 million during the quarter. Research analysts forecast that GoGold Resources will post 0.0349744 earnings per share for the current 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.