Echelon Wealth Partners Maintains Their Buy Rating on GoGold Resources (GLGDF)

Echelon Wealth Partners analyst Gabriel Gonzalez CFA maintained a Buy rating on GoGold Resources (GLGDFResearch Report) today and set a price target of C$3.80. The company’s shares closed last Wednesday at $2.63.

According to TipRanks.com, CFA is a 3-star analyst with an average return of 6.9% and a 54.0% success rate. CFA covers the Basic Materials sector, focusing on stocks such as Freeman Gold Corp., Argonaut Gold, and Revival Gold.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GoGold Resources with a $3.05 average price target.

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Based on GoGold Resources’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $14.97 million and net profit of $438K. In comparison, last year the company earned revenue of $7.89 million and had a net profit of $2,000.

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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.