GoGold Resources (TSE:GGD) Rating Reiterated by Echelon Wealth Partners

GoGold Resources (TSE:GGD)‘s stock had its “buy” rating restated by investment analysts at Echelon Wealth Partners in a report issued on Wednesday, PriceTargets.com reports. They presently have a C$3.80 price target on the stock. Echelon Wealth Partners’ target price would suggest a potential upside of 16.92% from the company’s current price.

Separately, Eight Capital initiated coverage on GoGold Resources in a research report on Thursday, June 24th. They set a “buy” rating and a C$4.10 target price on the stock.

Shares of TSE:GGD opened at C$3.25 on Wednesday. The company has a quick ratio of 8.24, a current ratio of 9.20 and a debt-to-equity ratio of 0.65. GoGold Resources has a twelve month low of C$1.38 and a twelve month high of C$3.55. The stock’s 50 day moving average is C$3.00 and its 200-day moving average is C$2.87. The firm has a market capitalization of C$903.00 million and a price-to-earnings ratio of 13.32.

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 42 concessions with an area of approximately 22,000 hectares situated in the Jalisco State, Mexico.

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