Stifel Nicolaus Reiterates “C$5.25” Price Target for GoGold Resources (TSE:GGD)

Stifel Nicolaus set a C$5.25 price objective on GoGold Resources (TSE:GGD) in a research report report published on Monday morning, Marketbeat reports. The firm currently has a buy rating on the stock.

GoGold Resources Trading Up 0.9%

TSE GGD opened at C$3.39 on Monday. The stock has a market cap of C$1.47 billion, a PE ratio of 41.85 and a beta of 1.37. GoGold Resources has a 12 month low of C$1.42 and a 12 month high of C$4.12. The company’s 50-day moving average price is C$3.29 and its 200-day moving average price is C$2.84.

GoGold Resources (TSE:GGD) last released its quarterly earnings data on Wednesday, February 11th. The company reported C$0.05 earnings per share (EPS) for the quarter. The company had revenue of C$42.69 million during the quarter. GoGold Resources had a net margin of 44.59% and a return on equity of 10.23%. As a group, sell-side analysts forecast that GoGold Resources will post 0.0349744 earnings per share for the current 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.