GoGold Resources (TSE:GGD) Announces Quarterly Earnings Results

GoGold Resources (TSE:GGD) issued its earnings results on Wednesday. The company reported C$0.05 EPS for the quarter, FiscalAI reports. The firm had revenue of C$42.17 million during the quarter. GoGold Resources had a return on equity of 12.12% and a net margin of 52.19%.

GoGold Resources Stock Performance

Shares of TSE:GGD opened at C$2.93 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. The business’s fifty day moving average price is C$2.86 and its two-hundred day moving average price is C$2.90. GoGold Resources has a fifty-two week low of C$1.65 and a fifty-two week high of C$4.12. The stock has a market capitalization of C$1.27 billion, a price-to-earnings ratio of 36.17 and a beta of 1.76.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Stifel Nicolaus set a C$5.25 price objective on shares of GoGold Resources and gave the stock a “buy” rating in a report on Monday, March 2nd. Desjardins set a C$5.50 target price on shares of GoGold Resources and gave the company a “buy” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average 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.