Gogold Resources Inc. (TSE:GGD) had its price objective lowered by stock analysts at Rodman & Renshaw from C$3.50 to C$3.00 in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Rodman & Renshaw’s target price suggests a potential upside of 300.00% from the stock’s previous close.

Separately, Ringler Research began coverage on Gogold Resources in a report on Tuesday, September 20th. They set an “outperform” rating and a C$2.25 target price for the company.

Gogold Resources (TSE:GGD) traded up 4.00% during trading on Friday, hitting $0.78. The stock had a trading volume of 246,358 shares. The firm’s market cap is $133.58 million. The company’s 50 day moving average is $1.01 and its 200 day moving average is $1.18. Gogold Resources has a 52-week low of $0.72 and a 52-week high of $1.65.

About Gogold Resources

GoGold Resources Inc is a Canada-based company, which is engaged in exploration, development and production of gold, silver and copper primarily in Mexico. The Company’s projects include the Parral Tailings Project (Parral) located in the state of Chihuahua, Mexico, which is a producing project, as well as the Santa Gertrudis and San Diego exploration projects.

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