GoGold Resources (TSE:GGD) Stock Price Up 1.4% – Here’s Why

GoGold Resources Inc. (TSE:GGD – Get Free Report) shares shot up 1.4% during trading on Monday . The stock traded as high as C$2.98 and last traded at C$2.97. Approximately 688,312 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 2,009,465 shares. The stock had previously closed at C$2.93.

Wall Street Analysts Forecast Growth

Separately, Desjardins set a C$5.50 target price on shares of 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, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$5.38.

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GoGold Resources Price Performance

The company has a current ratio of 9.29, a quick ratio of 8.30 and a debt-to-equity ratio of 0.20. The company has a 50 day simple moving average of C$3.24 and a 200 day simple moving average of C$3.12. The stock has a market cap of C$1.29 billion, a P/E ratio of 27.25 and a beta of 2.03.

GoGold Resources (TSE:GGD – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.05 earnings per share for the quarter. GoGold Resources had a net margin of 52.19% and a return on equity of 12.12%. The company had revenue of C$42.17 million during the quarter. Sell-side analysts forecast that GoGold Resources Inc. will post 0.0349744 earnings per share for the current fiscal year.

GoGold Resources Company Profile

(Get Free Report)

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.

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