GoGold Resources (TSE:GGD) Stock Price Up 2.4% – Still a Buy?

GoGold Resources Inc. (TSE:GGD) shares shot up 2.4% on Monday . The stock traded as high as C$3.87 and last traded at C$3.82. Approximately 1,577,152 shares changed hands during trading, a decline of 20% from the average session volume of 1,971,676 shares. The stock had previously closed at C$3.73.

Wall Street Analysts Forecast Growth

Separately, Desjardins set a C$5.50 target price on shares of GoGold Resources and gave the company a “buy” rating in a report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$5.38.

GoGold Resources Stock Performance

The stock has a market cap of C$1.66 billion, a price-to-earnings ratio of 35.05 and a beta of 2.04. The company has a quick ratio of 8.30, a current ratio of 9.29 and a debt-to-equity ratio of 0.20. The company has a 50 day simple moving average of C$3.20 and a 200 day simple moving average of C$3.12.

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.