GoGold Resources (TSE:GGD) Trading Up 11.9% – Time to Buy?

Shares of GoGold Resources Inc. (TSE:GGD) were up 11.9% during mid-day trading on Monday . The company traded as high as C$3.73 and last traded at C$3.39. Approximately 2,904,131 shares changed hands during trading, an increase of 43% from the average daily volume of 2,028,118 shares. The stock had previously closed at C$3.03.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Desjardins set a C$5.50 price target on shares of GoGold Resources and gave the stock a “buy” rating in a report on Friday, April 24th. Stifel Nicolaus set a C$5.25 price target on shares of GoGold Resources and gave the stock a “buy” rating in a report on Monday, March 2nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat, GoGold Resources has an average rating of “Buy” and an average price target of C$5.38.

GoGold Resources Trading Up 8.6%

The firm has a market capitalization of C$1.43 billion, a P/E ratio of 30.18 and a beta of 1.86. 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 firm’s 50-day simple moving average is C$2.96 and its 200-day simple moving average is C$3.01.

GoGold Resources (TSE:GGD) last announced its earnings results on Wednesday, May 6th. The company reported C$0.05 earnings per share (EPS) for the quarter. The business had revenue of C$42.17 million during the quarter. GoGold Resources had a net margin of 52.19% and a return on equity of 12.12%. Analysts anticipate that GoGold Resources Inc. will post 0.0349744 EPS for the current year.

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.