Echelon Wealth Partners Analysts Boost Earnings Estimates for GoGold Resources Inc. (TSE:GGD)

GoGold Resources Inc. (TSE:GGD) – Investment analysts at Echelon Wealth Partners upped their FY2023 EPS estimates for shares of GoGold Resources in a note issued to investors on Wednesday, September 13th. Echelon Wealth Partners analyst G. Gonzalez now expects that the company will post earnings of ($0.01) per share for the year, up from their previous estimate of ($0.03). The consensus estimate for GoGold Resources’ current full-year earnings is $0.02 per share.

GoGold Resources (TSE:GGD) last posted its quarterly earnings results on Wednesday, August 9th. The company reported C$0.01 EPS for the quarter. GoGold Resources had a negative net margin of 8.11% and a negative return on equity of 0.95%. The business had revenue of C$11.40 million for the quarter, compared to analysts’ expectations of C$12.06 million.

Separately, Eight Capital reduced their price objective on shares of GoGold Resources from C$5.00 to C$4.50 in a research note on Tuesday, May 23rd.

GoGold Resources Trading Up 6.8 %

GoGold Resources stock opened at C$1.41 on Friday. The company’s fifty day simple moving average is C$1.43 and its 200-day simple moving average is C$1.68. The company has a quick ratio of 8.30, a current ratio of 11.01 and a debt-to-equity ratio of 0.27. GoGold Resources has a 12 month low of C$1.30 and a 12 month high of C$2.71. The stock has a market cap of C$460.20 million, a P/E ratio of -141.00 and a beta of 1.24.

About GoGold Resources

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.