Gogold Resources Inc. (TSE:GGD) had its price objective decreased by Rodman & Renshaw from C$3.50 to C$3.00 in a report released on Friday. The firm presently has a “buy” rating on the stock. Rodman & Renshaw’s target price would suggest a potential upside of 300.00% from the company’s current price.

Separately, Ringler Research assumed coverage on Gogold Resources in a research note on Tuesday, September 20th. They issued an “outperform” rating and a C$2.25 target price on the stock.

Gogold Resources (TSE:GGD) traded up 4.00% during midday trading on Friday, hitting $0.78. The stock had a trading volume of 250,558 shares. Gogold Resources has a 1-year low of $0.72 and a 1-year high of $1.65. The firm’s market capitalization is $133.58 million. The firm has a 50-day moving average price of $1.01 and a 200-day moving average price of $1.18.

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About Gogold Resources

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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