Gogold Resources Inc. (GGD) PT Lowered to C$3.00
Gogold Resources Inc. (TSE:GGD) had its price target dropped by equities researchers at Rodman & Renshaw from C$3.50 to C$3.00 in a note issued to investors on Friday, StockTargetPrices.com reports. The brokerage presently has a “buy” rating on the stock. Rodman & Renshaw’s price objective points to a potential upside of 300.00% from the stock’s current price.
Separately, Ringler Research assumed coverage on shares of Gogold Resources in a report on Tuesday, September 20th. They issued an “outperform” rating and a C$2.25 target price for the company.
Shares of Gogold Resources (TSE:GGD) traded up 4.00% during trading on Friday, hitting $0.78. The stock had a trading volume of 246,358 shares. The stock’s 50 day moving average price is $1.01 and its 200-day moving average price is $1.18. The stock’s market cap is $133.58 million. Gogold Resources has a one year low of $0.72 and a one year high of $1.65.
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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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