A statement released earlier today by Rodman Renshaw about GoGold Resources (TSE:GGD) bumps down the target price to $3.00
- Updated: October 7, 2016
Yesterday GoGold Resources (TSE:GGD) traded 6.67% higher at $0.78. The company’s 50-day moving average is $1.01 and its 200-day moving average is $1.18. The last closing price is down -32.19% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 265,558 shares of the stock were exchanged, up from an average trading volume of 226,752
Rodman Renshaw dropped the price target of GoGold Resources (TSE:GGD) to $3.00 indicating a possible upside of 2.85%.
Previously on 9/20/2016, Ringler Research reported on GoGold Resources (TSE:GGD) raised the target price from $0.00 to $2.25. At the time, this indicated a possible upside of 1.45%.
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GoGold Resources has a 52 week low of $0.72 and a 52 week high of $1.65 The company’s market cap is currently $0.
In addition to Rodman Renshaw reporting its target price, a total of 2 brokers have issued a report on the stock. The consensus target price is $1.74 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On GoGold Resources (TSE:GGD)
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. The Company's segments are Mexico and Canada. The Company aggregates San Diego, Santa Gertrudis and the Parral projects as the Mexico segment and the Company's corporate offices as the Canadian segment. Its Parral operation is expected approximately 5,000 tons per day with an expected average annual yield of approximately 1.2 million ounce silver and approximately 11,000 ounce gold. The Santa Gertrudis project is located in Sonora, Mexico and contains several former producing gold mines. The San Diego project is located in Durango, Mexico and contains multiple geological exploration targets.
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