TD Securities Raises Torex Gold Resources (TSE:TXG) Price Target to C$38.00

Torex Gold Resources (TSE:TXG) had its price target boosted by TD Securities from C$34.00 to C$38.00 in a research report sent to investors on Friday, BayStreet.CA reports.

Several other equities analysts also recently weighed in on TXG. CIBC increased their price target on shares of Torex Gold Resources from C$23.00 to C$26.00 in a report on Wednesday, July 10th. National Bank Financial raised shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Scotiabank upped their price target on shares of Torex Gold Resources from C$27.00 to C$29.00 in a report on Friday, September 6th. Royal Bank of Canada increased their price target on Torex Gold Resources from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, National Bankshares raised Torex Gold Resources from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$31.25 to C$37.75 in a report on Thursday, October 10th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$31.86.

Torex Gold Resources Trading Down 1.4 %

TSE:TXG opened at C$30.57 on Friday. The company has a current ratio of 1.09, a quick ratio of 2.12 and a debt-to-equity ratio of 7.32. The firm has a fifty day simple moving average of C$25.96 and a 200-day simple moving average of C$22.60. Torex Gold Resources has a 12 month low of C$12.40 and a 12 month high of C$32.10. The company has a market capitalization of C$2.63 billion, a P/E ratio of 19.17, a PEG ratio of 0.02 and a beta of 1.34.

Torex Gold Resources (TSE:TXG) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.82 EPS for the quarter, topping analysts’ consensus estimates of C$0.70 by C$0.12. The company had revenue of C$369.83 million during the quarter. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. On average, equities research analysts anticipate that Torex Gold Resources will post 3.6254502 earnings per share for the current 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.