GoGold Resources (TSE:GGD) PT Set at C$5.50 by Desjardins

GoGold Resources (TSE:GGD) has been given a C$5.50 price objective by stock analysts at Desjardins in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 99.28% from the stock’s previous close.

Separately, Stifel Nicolaus set a C$5.25 price objective on GoGold Resources and gave the company a “buy” rating in a research report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$5.38.

GoGold Resources Price Performance

Shares of GoGold Resources stock opened at C$2.76 on Friday. GoGold Resources has a 1-year low of C$1.65 and a 1-year high of C$4.12. The stock’s 50 day simple moving average is C$2.94 and its 200-day simple moving average is C$2.90. The stock has a market cap of C$1.20 billion, a P/E ratio of 34.07 and a beta of 1.73.

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