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

GoGold Resources Inc. (TSE:GGD) was up 1.4% 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 session 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 GoGold Resources and gave the company a “buy” rating in a research report on Friday, April 24th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, GoGold Resources has an average rating of “Buy” and an average target price of C$5.38.

GoGold Resources Trading Up 1.4%

The company has a market cap of C$1.29 billion, a P/E ratio of 27.25 and a beta of 2.03. 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 business has a 50 day moving average price of C$3.24 and a 200-day moving average price of C$3.12.

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

About GoGold Resources

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.