GoGold Resources (TSE:GGD) Releases Earnings Results

GoGold Resources (TSE:GGD) issued its quarterly earnings data on Wednesday. The company reported C$0.04 EPS for the quarter, FiscalAI reports. The firm had revenue of C$39.44 million during the quarter. GoGold Resources had a net margin of 52.19% and a return on equity of 12.12%.

GoGold Resources Stock Performance

Shares of TSE:GGD opened at C$3.74 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 9.29 and a quick ratio of 8.30. GoGold Resources has a 1 year low of C$2.12 and a 1 year high of C$4.12. The company has a market cap of C$1.62 billion, a P/E ratio of 34.31 and a beta of 2.04. The stock’s fifty day moving average price is C$3.21 and its 200-day moving average price is C$3.13.

Analyst Ratings Changes

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

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.