GoGold Resources (TSE:GGD) Given a C$5.50 Price Target at Desjardins

Key Points

• Desjardins assigned a C$5.50 price target and a "buy" rating on GoGold, implying about a 97.13% upside
• TSE:GGD traded at C$2.79 (up 3%), with a market cap of C$1.21 billion, a PE of 34.44, 50/200-day moving averages near C$2.95/C$2.90, and a 12-month range of C$1.65–C$4.12.
• Recent quarter showed EPS of C$0.05, revenue of C$42.69 million, a net margin of 44.59% and ROE of 10.23%; GoGold is a Canadian silver and gold producer operating the Parral Tailings mine and the Los Ricos projects in Mexico.

GoGold Resources (TSE:GGD - Get Free Report) has been assigned a C$5.50 price target by analysts at Desjardins in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Desjardins' price objective indicates a potential upside of 97.13% from the company's previous close.

Separately, Stifel Nicolaus set a C$5.25 price target on shares of GoGold Resources and gave the company a "buy" rating in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$5.38.

GoGold Resources Stock Up 3.0%

TSE GGD traded up C$0.08 on Friday, reaching C$2.79. The company had a trading volume of 393,039 shares, compared to its average volume of 2,224,604. The stock has a market capitalization of C$1.21 billion, a PE ratio of 34.44 and a beta of 1.73. The firm's 50 day moving average price is C$2.95 and its 200 day moving average price is C$2.90. GoGold Resources has a 12 month low of C$1.65 and a 12 month high of C$4.12.

GoGold Resources (TSE:GGD - Get Free Report) last announced its quarterly 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 for the quarter. GoGold Resources had a net margin of 44.59% and a return on equity of 10.23%. On average, research analysts expect that GoGold Resources will post 0.0349744 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.