Gogold Resources (TSE:GGD) had its target price cut by HC Wainwright from C$0.90 to C$0.80 in a research report released on Thursday morning, BayStreet.CA reports.
Shares of GGD stock opened at C$0.41 on Thursday. The company has a market capitalization of $70.43 million and a P/E ratio of -1.14. The company has a 50 day moving average of C$0.39. Gogold Resources has a fifty-two week low of C$0.19 and a fifty-two week high of C$0.45.
Gogold Resources (TSE:GGD) last announced its earnings results on Wednesday, May 8th. The company reported C$0.03 EPS for the quarter. The business had revenue of C$9.35 million for the quarter. As a group, sell-side analysts forecast that Gogold Resources will post 0.27 earnings per share for the current fiscal year.
About Gogold Resources
GoGold Resources Inc engages in the exploration, development, and production of mineral properties in Mexico. The company primarily explores for gold and silver deposits. It holds a 100% interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihuahua, Mexico.
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