Eight Capital Trims GoGold Resources (TSE:GGD) Target Price to C$4.50

GoGold Resources (TSE:GGD – Get Rating) had its price objective reduced by Eight Capital from C$5.00 to C$4.50 in a research report released on Tuesday morning, BayStreet.CA reports.

GoGold Resources Stock Up 2.5 %

Shares of TSE:GGD opened at C$1.67 on Tuesday. The firm has a market capitalization of C$544.34 million, a P/E ratio of -167.00 and a beta of 1.34. The company has a debt-to-equity ratio of 0.48, a quick ratio of 8.30 and a current ratio of 6.09. The stock has a 50 day moving average price of C$1.92 and a 200-day moving average price of C$2.03. GoGold Resources has a 52-week low of C$1.37 and a 52-week high of C$2.71.

GoGold Resources Company Profile

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GoGold Resources Inc engages in the exploration, development, and production of gold and silver primarily in Mexico. The company holds an interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihuahua, Mexico. It also holds an option to acquire 100% concessions of the Los Ricos project, which covers 44 concessions with an area of approximately 24,000 hectares situated in the Jalisco State, Mexico.