GoGold Resources (TSE:GGD) Sets New 12-Month High – Here’s What Happened

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

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 research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$5.38.

GoGold Resources Trading Up 4.0%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 8.30 and a current ratio of 5.83. The stock has a market capitalization of C$1.79 billion, a P/E ratio of 37.45 and a beta of 2.04. The stock has a 50-day moving average price of C$3.27 and a two-hundred day moving average price of C$3.12.

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