GoGold Resources (TSE:GGD) Releases Earnings Results

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

GoGold Resources Trading Down 2.4%

TSE:GGD traded down C$0.09 during trading hours on Wednesday, reaching C$3.70. The company’s stock had a trading volume of 936,468 shares, compared to its average volume of 1,959,507. The company has a debt-to-equity ratio of 0.20, a quick ratio of 8.30 and a current ratio of 9.29. The firm has a market capitalization of C$1.60 billion, a price-to-earnings ratio of 33.94 and a beta of 2.04. The firm has a 50-day simple moving average of C$3.20 and a 200-day simple moving average of C$3.13. GoGold Resources has a 1 year low of C$2.12 and a 1 year high of C$4.12.

Wall Street Analysts Forecast Growth

Separately, Desjardins set a C$5.50 price objective on GoGold Resources and gave the company a “buy” rating in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$5.38.

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.