GoGold Resources (TSE:GGD) Stock Price Up 4% - What's Next?

Key Points

• Shares rose 4% to C$2.85 (intraday high C$2.86) on Tuesday while volume was 755,332 shares, down about 68% from the average, and the stock is trading below its 50‑ and 200‑day moving averages (C$3.01 and C$2.90).
• Stifel Nicolaus set a C$5.25 price target and a "Buy" rating; MarketBeat shows a consensus Buy rating with a C$5.25 target.
• Fundamentals: market cap C$1.24 billion, P/E 35.19, last quarter EPS C$0.05 on C$42.69M revenue, with a net margin of 44.59% and ROE of 10.23%.

GoGold Resources Inc. (TSE:GGD - Get Free Report)'s share price traded up 4% during trading on Tuesday . The stock traded as high as C$2.86 and last traded at C$2.85. 755,332 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 2,386,843 shares. The stock had previously closed at C$2.74.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus set a C$5.25 price objective on GoGold Resources and gave the stock a "buy" rating in a report on Monday, March 2nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of C$5.25.

GoGold Resources Trading Up 4.0%

The company has a 50 day moving average price of C$3.01 and a 200 day moving average price of C$2.90. The company has a market capitalization of C$1.24 billion, a price-to-earnings ratio of 35.19 and a beta of 1.73.

GoGold Resources (TSE:GGD - Get Free Report) last posted its earnings results on Wednesday, February 11th. The company reported C$0.05 earnings per share (EPS) for the quarter. GoGold Resources had a return on equity of 10.23% and a net margin of 44.59%.The company had revenue of C$42.69 million during the quarter. Equities analysts predict that GoGold Resources Inc. will post 0.0349744 earnings per share for the current year.

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.

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