GoGold Resources (GGD) Stock Forecast & Price Target

C$1.45

0.00 (0.00%)

(As of 09:51 AM ET)

GoGold Resources - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 2 Analyst Ratings

Sell
0

Hold
0

Buy
2

Based on 2 Wall Street analysts who have issued ratings for GoGold Resources in the last 12 months, the stock has a consensus rating of "Buy." Out of the 2 analysts, 2 have given a buy rating for GGD.

Consensus Price Target

C$3.05
110.34% Upside

According to the 2 analysts' twelve-month price targets for GoGold Resources, the average price target is C$3.05. The highest price target for GGD is C$3.85, while the lowest price target for GGD is C$2.50. The average price target represents a forecasted upside of 110.34% from the current price of C$1.45.

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GGD Analyst Ratings Over Time

Type	Current Forecast 10/16/23 to 10/15/24	1 Month Ago 9/16/23 to 9/15/24	3 Months Ago 7/18/23 to 7/17/24	1 Year Ago 10/16/22 to 10/16/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	N/A
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	N/A
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	N/A
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	N/A
Consensus Price Target	C$3.05	C$3.05	C$3.05	C$4.50
Forecasted Upside	110.34% Upside	142.06% Upside	100.66% Upside	251.56% Upside
Consensus Rating	Buy	Buy	Buy	N/A

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GGD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

GGD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

GoGold Resources Stock vs. The Competition

Type	GoGold Resources	Basic Materials Companies
Consensus Rating Score	3.00	2.75
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Positive News See Recent GGD News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
7/11/2024	Eight Capital 5 of 5 stars	Boost Target		C$3.20 ➝ C$3.85	+158.39%
2/9/2024	BMO Capital Markets 4 of 5 stars	Set Target	Outperform	C$2.50	+104.92%
10/26/2023	Pi Financial 5 of 5 stars	Lower Target	Buy	C$3.60 ➝ C$2.80	+117.05%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:22 AM ET.

GGD Forecast - Frequently Asked Questions

: According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for GoGold Resources is C$3.05, with a high forecast of C$3.85 and a low forecast of C$2.50.
: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for GoGold Resources in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GGD shares.
: According to analysts, GoGold Resources's stock has a predicted upside of 110.34% based on their 12-month stock forecasts.
: Analysts like GoGold Resources more than other "basic materials" companies. The consensus rating for GoGold Resources is Buy while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how GGD compares to other companies.