GoGold Resources (TSE:GGD) Had Its Target Price Lowered by 14.29 % at Rodman Renshaw to $3.00

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Toronto GoGold Resources TSE:GGD

GoGold Resources (TSE:GGD) Target Upped

In an analyst report made public by Rodman Renshaw on Friday morning, GoGold Resources (TSE:GGD) had its PT decreased to $3.00. The firm currently has Buy rating on the stock.

After (TSE:GGD) target decrease, the stock is currently trading 6.67% higher at $0.80 as of 07:58 New York time. GoGold Resources’s stock is down -34.78% in the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has increased 6.91% in the same time.

TSE:GGD Price Chart & Trend

The stock price of GoGold Resources has declined 34.78% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, GoGold Resources is down 35.34% and down 48.28%, respectively. Our stocks momentum model is shown on the price chart below.GoGold Resources (TSE:GGD) Had Its Target Price Lowered by 14.29 % at Rodman Renshaw to $3.00

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

GGD Stock Chart

GoGold Resources (TSE:GGD) Profile

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.

GoGold Resources (TSE:GGD) traded up 6.67% on 7 October, hitting $0.8. A total of 265,558 shares of the company’s stock traded hands. This is up from average of 213,129 shares. GoGold Resources has a 52 week low of $0.72 and a 52 week high of $1.65. The company has a market cap of $128.72M and a P/E ratio of 0.

Get the latest GoGold Resources (TSE:GGD) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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