GoGold Resources (TSE:GGD) Given a C$5.25 Price Target by Stifel Nicolaus Analysts

GoGold Resources (TSE:GGD) has been given a C$5.25 price objective by investment analysts at Stifel Nicolaus in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 44.23% from the company’s previous close.

GoGold Resources Price Performance

GGD traded down C$0.02 during trading on Monday, reaching C$3.64. 922,722 shares of the stock traded hands, compared to its average volume of 2,947,183. The stock’s 50-day simple moving average is C$3.26 and its two-hundred day simple moving average is C$2.82. GoGold Resources has a fifty-two week low of C$1.42 and a fifty-two week high of C$4.12. The stock has a market cap of C$1.58 billion, a price-to-earnings ratio of 44.94 and a beta of 1.37.

GoGold Resources (TSE:GGD) last issued its earnings results on Wednesday, February 11th. The company reported C$0.05 earnings per share for the quarter. The company had revenue of C$42.69 million for the quarter. GoGold Resources had a return on equity of 0.60% and a net margin of 4.64%. Research analysts anticipate that GoGold Resources will post 0.0349744 earnings per share 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.