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

Torex Gold Resources (TSE:TXG) had its price target raised by analysts at Canaccord Genuity Group from C$30.50 to C$32.00 in a report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential upside of 45.59% from the company’s current price.

TXG has been the topic of a number of other reports. Scotiabank increased their price target on Torex Gold Resources from C$23.00 to C$25.00 in a research report on Thursday, May 23rd. Raymond James set a C$27.00 price objective on shares of Torex Gold Resources and gave the company an “outperform” rating in a research report on Friday, June 7th. National Bankshares raised their price target on shares of Torex Gold Resources from C$27.00 to C$27.50 and gave the company a “sector perform” rating in a research note on Monday, June 10th. Finally, CIBC lifted their price objective on shares of Torex Gold Resources from C$23.00 to C$26.00 in a research note on Wednesday, July 10th. Two equities research 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 company has a consensus rating of “Moderate Buy” and a consensus target price of C$26.56.

Torex Gold Resources Stock Down 0.4 %

TSE TXG traded down C$0.09 during mid-day trading on Tuesday, reaching C$21.98. 73,841 shares of the company’s stock traded hands, compared to its average volume of 260,114. The company has a current ratio of 1.07, a quick ratio of 2.12 and a debt-to-equity ratio of 2.86. The company has a fifty day simple moving average of C$21.42 and a 200-day simple moving average of C$18.44. The company has a market cap of C$1.89 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 0.02 and a beta of 1.33. Torex Gold Resources has a 1-year low of C$12.40 and a 1-year 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, topping the consensus estimate of C$0.52 by C$0.05. The company had revenue of C$318.84 million during the quarter. Torex Gold Resources had a net margin of 20.14% and a return on equity of 12.37%. As a group, equities research analysts expect that Torex Gold Resources will post 2.5906363 EPS for the current year.

Torex Gold Resources Company Profile

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.