Equities researchers at Ringler Research assumed coverage on shares of Gogold Resources Inc. (TSE:GGD) in a research note issued to investors on Tuesday. The firm set an “outperform” rating and a C$2.25 price target on the stock. Ringler Research’s price objective points to a potential upside of 134.38% from the company’s current price.

Shares of Gogold Resources (TSE:GGD) traded down 4.17% during midday trading on Tuesday, reaching $0.92. The company’s stock had a trading volume of 294,256 shares. Gogold Resources has a 12-month low of $0.92 and a 12-month high of $1.65. The company’s market cap is $157.55 million. The stock’s 50-day moving average price is $1.12 and its 200-day moving average price is $1.20.

Gogold Resources Company Profile

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.

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