BMO Capital Markets Raises GoGold Resources (TSE:GGD) Price Target to C$3.60

GoGold Resources (TSE:GGD) had its price objective lifted by BMO Capital Markets from C$3.50 to C$3.60 in a research report issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 48.76% from the company’s current price.

Separately, Pi Financial set a C$3.75 target price on shares of GoGold Resources and gave the stock a “buy” rating in a research report on Thursday, February 4th.

Shares of GGD opened at C$2.42 on Thursday. The company has a current ratio of 7.45, a quick ratio of 6.52 and a debt-to-equity ratio of 0.96. The firm has a market cap of C$671.32 million and a PE ratio of 10.30. The company’s 50 day simple moving average is C$2.52 and its 200-day simple moving average is C$2.21. GoGold Resources has a 12-month low of C$0.74 and a 12-month high of C$2.88.

GoGold Resources (TSE:GGD) last announced its earnings results on Thursday, February 11th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.02). The firm had revenue of C$18.35 million for the quarter. As a group, equities research analysts forecast that GoGold Resources will post 0.08 EPS for the current fiscal year.

GoGold Resources Company Profile

GoGold Resources Inc engages in the exploration, development, and production of gold and silver primarily in Mexico. The company holds an interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihuahua, Mexico. It also holds an option to acquire 100% concessions of the Los Ricos project, which covers 42 concessions with an area of approximately 22,000 hectares situated in the Jalisco State, Mexico.

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