Ringler Research initiated coverage on shares of Gogold Resources Inc. (TSE:GGD) in a research report issued to clients and investors on Tuesday, StockTargetPrices.com reports. The firm set an “outperform” rating and a C$2.25 price target on the stock. Ringler Research’s price objective would suggest a potential upside of 134.38% from the company’s current price.

Shares of Gogold Resources (TSE:GGD) traded down 4.17% during mid-day trading on Tuesday, reaching $0.92. The company had a trading volume of 330,325 shares. The firm’s 50-day moving average price is $1.12 and its 200 day moving average price is $1.20. The company’s market cap is $157.55 million. Gogold Resources has a 52-week low of $0.91 and a 52-week high of $1.65.

About Gogold Resources

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GoGold Resources Inc is a Canada-based company, which is engaged in exploration, development and production of gold, silver and copper primarily in Mexico. The Company’s projects include the Parral Tailings Project (Parral) located in the state of Chihuahua, Mexico, which is a producing project, as well as the Santa Gertrudis and San Diego exploration projects.

Stock Target Prices

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