GoGold Resources Receives a Buy from H.C. Wainwright

By Austin Angelo

Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst Heiko Ihle from H.C. Wainwright reiterated a Buy rating on GoGold Resources (TSX: GGD), with a C$1.20 price target.

According to TipRanks.com, Ihle is a 4-star analyst with an average return of 6.5% and a 42.3% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.

GoGold Resources has an analyst consensus of Moderate Buy, with a price target consensus of C$1.20.

The company has a one-year high of C$0.73 and a one-year low of C$0.31. Currently, GoGold Resources has an average volume of 227.3K.

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.

The company’s shares closed on Thursday at C$0.41.