Equities research analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Capital Gold Co. (NYSE: CGC) in a research note to clients and investors on Monday.

Capital Gold Corporation (Capital Gold) is engaged in the mining, exploration and development of gold properties in Mexico. The Company’s focus is on the operation and development of the El Chanate project, as well as the development of its Orion Project in the State of Nayarit Mexico. The Company’s Orion Project lies in the Sierra Madre Occidental, a prolific mining district in Western Mexico. It also conducts gold exploration in other locations in Sonora, Mexico. Through wholly owned subsidiaries, Capital Gold Corporation owns 100% of 21 mining concessions located in the State of Sonora, Republic of Mexico totaling approximately 9,665 hectares (23,873 acres or 37.3 square miles). On August 2, 2010, the Company completed the acquisition of Nayarit Gold, Inc. (Nayarit). Through this acquisition it controls approximately 257,000 acres (104,000 hectares) of mining concessions known as the Orion Project.

Shares of Capital Gold Co. (NYSE: CGC) opened at 5.01 on Wednesday. Capital Gold Co. has a 52 week low of $2.10 and a 52 week high of $5.43. The stock’s 50-day moving average is $4.77 and its 200-day moving average is $4.15. On average, analysts predict that Capital Gold Co. will post $0.00 EPS next quarter. The company has a market cap of $307.2 million and a price-to-earnings ratio of 21.05.

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