GoGold Resources (TSE:GGD) Price Target Increased to C$3.85 by Analysts at Eight Capital

GoGold Resources (TSE:GGD) had its price objective hoisted by Eight Capital from C$3.20 to C$3.85 in a report published on Thursday morning, BayStreet.CA reports.

GoGold Resources Trading Up 2.0 %

TSE GGD opened at C$1.52 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 8.30 and a current ratio of 8.49. The company has a 50-day simple moving average of C$1.48 and a 200-day simple moving average of C$1.33. The firm has a market capitalization of C$499.59 million, a PE ratio of -79.50 and a beta of 1.34. GoGold Resources has a one year low of C$0.94 and a one year high of C$1.79.

GoGold Resources (TSE:GGD) last posted its earnings results on Wednesday, May 8th. The company reported C$0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.01. The firm had revenue of C$12.05 million during the quarter. GoGold Resources had a negative net margin of 0.77% and a negative return on equity of 0.08%. On average, equities analysts forecast that GoGold Resources will post 0.0273478 earnings per share for the current year.

About GoGold Resources

GoGold Resources Inc engages in the exploration, development, and production of gold and silver in Mexico. The company holds 100 % interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihuahua, Mexico. It also holds 100% interest in the Los Ricos properties, which includes Los Ricos South and Los Ricos North projects, that covers 42 concessions with an area of approximately 22,000 hectares situated in the Jalisco State, Mexico.