GoGold Resources (TSE:GGD) Trading 2.4% Higher – Here’s Why

GoGold Resources Inc. (TSE:GGD)’s stock price was up 2.4% during trading on Monday . The company traded as high as C$3.87 and last traded at C$3.82. 1,577,152 shares were traded during trading, a decline of 20% from the average daily volume of 1,971,676 shares. The stock had previously closed at C$3.73.

Wall Street Analyst Weigh In

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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$5.38.

GoGold Resources Stock Down 1.3%

The company has a debt-to-equity ratio of 0.20, a current ratio of 9.29 and a quick ratio of 8.30. The firm has a market cap of C$1.62 billion, a price-to-earnings ratio of 34.31 and a beta of 2.04. The firm has a 50 day moving average price of C$3.20 and a 200-day moving average price of C$3.13.

GoGold Resources (TSE:GGD) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.04 EPS for the quarter. The firm had revenue of C$39.44 million during the quarter. GoGold Resources had a return on equity of 12.12% and a net margin of 52.19%. As a group, equities analysts predict that GoGold Resources Inc. will post 0.0349744 EPS for the current fiscal 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.