GoGold Resources (TSE:GGD) Reaches New 12-Month High - Should You Buy?

GoGold Resources Inc. (TSE:GGD - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as C$1.83 and last traded at C$1.77, with a volume of 305164 shares trading hands. The stock had previously closed at C$1.69.

Analysts Set New Price Targets

Separately, Eight Capital boosted their price target on shares of GoGold Resources from C$3.20 to C$3.85 in a research note on Thursday, July 11th.

GoGold Resources Stock Performance

The company has a market cap of C$570.09 million, a P/E ratio of -173.00 and a beta of 1.50. The business has a fifty day moving average of C$1.29 and a 200 day moving average of C$1.39. The company has a quick ratio of 8.30, a current ratio of 7.80 and a debt-to-equity ratio of 0.28.

GoGold Resources Company Profile

GoGold Resources Inc engages in the exploration, development, and production of gold and silver in Mexico. The company holds 100 % interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihuahua, Mexico. It also holds 100% interest in the Los Ricos properties, which includes Los Ricos South and Los Ricos North projects, that covers 42 concessions with an area of approximately 22,000 hectares situated in the Jalisco State, Mexico.