GoGold Resources (TSE:GGD) Price Target Cut to C$4.50

GoGold Resources (TSE:GGD – Get Rating) had its price target reduced by Eight Capital from C$5.00 to C$4.50 in a research note published on Tuesday, BayStreet.CA reports.

GoGold Resources Price Performance

Shares of GGD stock opened at C$1.71 on Tuesday. The firm has a market cap of C$557.37 million, a P/E ratio of -171.00 and a beta of 1.34. The company has a debt-to-equity ratio of 0.48, a current ratio of 6.09 and a quick ratio of 8.30. GoGold Resources has a 1-year low of C$1.37 and a 1-year high of C$2.71. The firm has a fifty day moving average of C$1.93 and a two-hundred day moving average of C$2.04.

About GoGold Resources

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GoGold Resources Inc engages in the exploration, development, and production of gold and silver primarily in Mexico. The company holds an interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihuahua, Mexico. It also holds an option to acquire 100% concessions of the Los Ricos project, which covers 44 concessions with an area of approximately 24,000 hectares situated in the Jalisco State, Mexico.