GoGold Resources (TSE:GGD) Trading Up 1.4% – Should You Buy?

GoGold Resources Inc. (TSE:GGD) was up 1.4% during mid-day trading on Monday . The stock traded as high as C$2.98 and last traded at C$2.97. 688,312 shares changed hands during trading, a decline of 66% from the average daily volume of 2,009,465 shares. The stock had previously closed at C$2.93.

Wall Street Analyst Weigh In

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

GoGold Resources Stock Performance

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 cap of C$1.39 billion, a price-to-earnings ratio of 29.36 and a beta of 2.03. The company has a 50 day simple moving average of C$3.23 and a 200 day simple moving average of C$3.12.

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