Gogold Resources’ (GGD) Buy Rating Reiterated at Pi Financial
Pi Financial reiterated their buy rating on shares of Gogold Resources (TSE:GGD) in a research note published on Thursday morning, BayStreet.CA reports. The firm currently has a C$1.85 target price on the stock.
Gogold Resources stock opened at C$1.57 on Thursday. The firm has a market cap of $351.88 million and a PE ratio of -74.76. The company has a debt-to-equity ratio of 1.85, a quick ratio of 3.05 and a current ratio of 4.19. The firm’s 50 day moving average price is C$1.09 and its two-hundred day moving average price is C$0.80. Gogold Resources has a twelve month low of C$0.37 and a twelve month high of C$1.59.
Gogold Resources (TSE:GGD) last released its quarterly earnings data on Thursday, May 7th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$11.56 million for the quarter. Equities analysts anticipate that Gogold Resources will post -0.01 EPS for the current fiscal year.
GoGold Resources Inc engages in the exploration, development, and production of mineral properties in Mexico. The company primarily explores for gold and silver deposits. It holds a 100% interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihuahua, Mexico.
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