GoGold Resources (TSE:GGD) Stock Price Down 9.3% – What’s Next?

GoGold Resources Inc. (TSE:GGD) shares were down 9.3% on Friday . The company traded as low as C$2.92 and last traded at C$3.03. Approximately 2,774,174 shares changed hands during mid-day trading, an increase of 37% from the average daily volume of 2,020,390 shares. The stock had previously closed at C$3.34.

Analyst Upgrades and Downgrades

A number of research analysts have commented 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 objective on shares of GoGold Resources and gave the company a “buy” rating in a research note on Monday, March 2nd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$5.38.

GoGold Resources Price Performance

The company has a market cap of C$1.31 billion, a PE ratio of 27.80 and a beta of 1.86. The business has a 50 day moving average of C$2.96 and a 200 day moving average of C$3.01. 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 (TSE:GGD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.05 earnings per share (EPS) for the quarter. GoGold Resources had a return on equity of 12.12% and a net margin of 52.19%.The business had revenue of C$42.17 million during the quarter. As a group, research analysts predict that GoGold Resources Inc. will post 0.0349744 EPS for the current 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.