GoGold Resources (TSE:GGD) Releases Earnings Results

GoGold Resources (TSE:GGD) posted its earnings results on Wednesday. The company reported C$0.04 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$39.44 million for the quarter. GoGold Resources had a return on equity of 12.12% and a net margin of 52.19%.

GoGold Resources Price Performance

GGD stock opened at C$3.65 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 9.29 and a quick ratio of 8.30. GoGold Resources has a 1 year low of C$2.12 and a 1 year high of C$4.12. The firm has a 50-day moving average of C$3.22 and a 200 day moving average of C$3.12. The company has a market cap of C$1.58 billion, a P/E ratio of 33.49 and a beta of 2.04.

Wall Street Analyst Weigh In

Separately, Desjardins set a C$5.50 price target on 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 MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$5.38.

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.