GoGold Resources (TSE:GGD) Trading 1.7% Higher – Should You Buy?

GoGold Resources Inc. (TSE:GGD) traded up 1.7% during mid-day trading on Monday . The company traded as high as C$2.40 and last traded at C$2.35. 3,239,872 shares changed hands during mid-day trading, an increase of 22% from the average session volume of 2,662,543 shares. The stock had previously closed at C$2.31.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus set a C$5.25 target price on shares of GoGold Resources and gave the stock a “buy” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$5.25.

GoGold Resources Stock Performance

The company has a 50 day simple moving average of C$3.24 and a two-hundred day simple moving average of C$2.89. The company has a market cap of C$1.10 billion, a PE ratio of 31.23 and a beta of 1.36.

GoGold Resources (TSE:GGD) last issued its earnings results on Wednesday, February 11th. The company reported C$0.05 earnings per share (EPS) for the quarter. The company had revenue of C$42.69 million during the quarter. GoGold Resources had a net margin of 44.59% and a return on equity of 10.23%. As a group, analysts expect that GoGold Resources Inc. will post 0.0349744 earnings per share 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.