GoGold Resources Inc. (TSE:GGD) Forecasted to Post FY2023 Earnings of ($0.01) Per Share

GoGold Resources Inc. (TSE:GGD – Get Rating) – Research analysts at Echelon Wealth Partners issued their FY2023 earnings per share estimates for shares of GoGold Resources in a research note issued on Thursday, May 18th. Echelon Wealth Partners analyst G. Gonzalez forecasts that the company will post earnings of ($0.01) per share for the year. The consensus estimate for GoGold Resources’ current full-year earnings is $0.01 per share.

GoGold Resources (TSE:GGD – Get Rating) last issued its quarterly earnings results on Tuesday, February 14th. The company reported C($0.01) earnings per share for the quarter. The firm had revenue of C$11.51 million during the quarter.

GoGold Resources Price Performance

Shares of TSE GGD opened at C$1.63 on Friday. The company has a market capitalization of C$531.30 million, a price-to-earnings ratio of -163.00 and a beta of 1.34. The business has a 50 day simple moving average of C$1.94 and a 200-day simple moving average of C$2.03. The company has a current ratio of 6.09, a quick ratio of 8.30 and a debt-to-equity ratio of 0.48. GoGold Resources has a twelve month low of C$1.37 and a twelve month high of C$2.71.

GoGold Resources Company Profile

(Get Rating)

GoGold Resources Inc engages in the exploration, development, and production of gold and silver primarily in Mexico. The company holds an interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihuahua, Mexico. It also holds an option to acquire 100% concessions of the Los Ricos project, which covers 44 concessions with an area of approximately 24,000 hectares situated in the Jalisco State, Mexico.