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GoGold Resources (GLGDF) Gets a Buy Rating from BMO Capital

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BMO Capital analyst Ryan Thompson maintained a Buy rating on GoGold Resources (GLGDFResearch Report) today and set a price target of $4.40. The company’s shares closed last Thursday at $2.48.

According to TipRanks.com, Thompson is a 4-star analyst with an average return of 11.8% and a 44.3% success rate. Thompson covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Fortuna Silver Mines, and Torex Gold Resources.

GoGold Resources has an analyst consensus of Moderate Buy, with a price target consensus of $4.08, implying a 72.8% upside from current levels. In a report issued on December 7, Echelon Wealth Partners also maintained a Buy rating on the stock with a C$4.80 price target.

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The company has a one-year high of $3.07 and a one-year low of $1.34. Currently, GoGold Resources has an average volume of 97.44K.

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Gogold Resources, Inc. engages in the exploration, development, and production of gold and silver. Its projects include Parral Tailings and Santa Gertrudis. The company was founded on January 18, 2008 and is headquartered in Halifax, Canada.

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