Torex Gold Resources (TSE:TXG) Price Target Raised to C$32.00

Torex Gold Resources (TSE:TXG) had its price target lifted by Canaccord Genuity Group from C$30.50 to C$32.00 in a report issued on Tuesday, BayStreet.CA reports.

Several other research analysts have also weighed in on TXG. Scotiabank upped their target price on Torex Gold Resources from C$23.00 to C$25.00 in a research report on Thursday, May 23rd. CIBC upped their target price on Torex Gold Resources from C$23.00 to C$26.00 in a research report on Wednesday, July 10th. National Bankshares upped their target price on Torex Gold Resources from C$27.00 to C$27.50 and gave the stock a sector perform rating in a research report on Monday, June 10th. Finally, Raymond James set a C$27.00 price target on Torex Gold Resources and gave the stock an outperform rating in a research note on Friday, June 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of C$26.56.

Torex Gold Resources Trading Down 2.4 %

Shares of Torex Gold Resources stock opened at C$21.03 on Tuesday. The company has a quick ratio of 2.12, a current ratio of 1.07 and a debt-to-equity ratio of 2.86. The firm has a market cap of C$1.81 billion, a price-to-earnings ratio of 7.54, a price-to-earnings-growth ratio of 0.02 and a beta of 1.33. The business has a fifty day simple moving average of C$21.47 and a 200-day simple moving average of C$18.53. Torex Gold Resources has a fifty-two week low of C$12.40 and a fifty-two week high of C$23.56.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$0.57 earnings per share for the quarter, beating the consensus estimate of C$0.52 by C$0.05. The business had revenue of C$318.84 million during the quarter. Torex Gold Resources had a return on equity of 12.37% and a net margin of 20.14%. On average, equities analysts forecast that Torex Gold Resources will post 2.5906363 EPS for the current fiscal year.

About Torex Gold Resources

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.