GoGold Resources (TSE:GGD) Sets New 52-Week High – What’s Next?

Shares of GoGold Resources Inc. (TSE:GGD) hit a new 52-week high during trading on Thursday . The stock traded as high as C$4.13 and last traded at C$4.12, with a volume of 593464 shares. The stock had previously closed at C$3.96.

Analysts Set New Price Targets

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

GoGold Resources Trading Down 0.2%

The stock has a market capitalization of C$1.79 billion, a P/E ratio of 37.64 and a beta of 2.04. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.83 and a quick ratio of 8.30. The business’s 50 day simple moving average is C$3.31 and its 200-day simple moving average is C$3.14.

GoGold Resources (TSE:GGD) last issued its earnings results on Wednesday, August 12th. The company reported C$0.04 EPS for the quarter. GoGold Resources had a net margin of 49.86% and a return on equity of 11.73%. The company had revenue of C$39.44 million during the quarter. As a group, analysts forecast that GoGold Resources Inc. will post 0.0349744 EPS for the current 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.