GoGold Resources (TSE:GGD) Stock Price Up 1.3% – Here’s Why

GoGold Resources Inc. (TSE:GGD)’s share price rose 1.3% during trading on Monday . The stock traded as high as C$3.23 and last traded at C$3.21. Approximately 1,252,342 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 2,053,084 shares. The stock had previously closed at C$3.17.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GGD shares. Desjardins set a C$5.50 price target on shares of GoGold Resources and gave the company a “buy” rating in a research report on Friday, April 24th. Stifel Nicolaus set a C$5.25 price target on GoGold Resources and gave the company a “buy” rating in a report on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, GoGold Resources presently has a consensus rating of “Buy” and an average price target of C$5.38.

GoGold Resources Stock Performance

The company has a quick ratio of 8.30, a current ratio of 9.29 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of C$3.14 and a two-hundred day moving average price of C$3.09. The stock has a market cap of C$1.39 billion, a P/E ratio of 29.45 and a beta of 1.86.

GoGold Resources (TSE:GGD) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.05 earnings per share (EPS) for the quarter. The business had revenue of C$42.17 million for the quarter. GoGold Resources had a return on equity of 12.12% and a net margin of 52.19%. On average, sell-side analysts forecast that GoGold Resources Inc. will post 0.0349744 earnings per share for the current fiscal 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.