GoGold Resources (TSE:GGD) Trading 1.3% Higher – Should You Buy?

GoGold Resources Inc. (TSE:GGD) shares traded up 1.3% during mid-day trading on Monday . The company traded as high as C$3.23 and last traded at C$3.21. Approximately 1,252,342 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 2,053,084 shares. The stock had previously closed at C$3.17.

Wall Street Analysts Forecast Growth

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

GoGold Resources Stock Performance

The firm has a fifty day moving average of C$3.14 and a 200-day moving average of C$3.10. 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 stock has a market capitalization of C$1.38 billion, a price-to-earnings ratio of 29.17 and a beta of 1.86.

GoGold Resources (TSE:GGD) last posted its earnings results on Wednesday, May 6th. The company reported C$0.05 earnings per share for the quarter. GoGold Resources had a return on equity of 12.12% and a net margin of 52.19%.The company had revenue of C$42.17 million for the quarter. As a group, sell-side 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.