Torex Gold Resources (TSE:TXG - Get Free Report) had its target price lifted by investment analysts at CIBC from C$21.00 to C$23.00 in a report issued on Monday, BayStreet.CA reports. CIBC's price objective would indicate a potential upside of 17.71% from the stock's previous close.
Torex Gold Resources Stock Performance
Shares of Torex Gold Resources stock traded down C$0.12 on Monday, reaching C$19.54. 208,652 shares of the stock were exchanged, compared to its average volume of 264,793. The company has a quick ratio of 2.12, a current ratio of 1.44 and a debt-to-equity ratio of 2.14. The business has a 50 day moving average price of C$16.70 and a two-hundred day moving average price of C$14.98. Torex Gold Resources has a twelve month low of C$12.40 and a twelve month high of C$25.40. The firm has a market capitalization of C$1.68 billion, a price-to-earnings ratio of 6.14, a PEG ratio of 0.02 and a beta of 1.18.
Torex Gold Resources (TSE:TXG - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported C$0.77 earnings per share for the quarter, missing analysts' consensus estimates of C$0.98 by C($0.21). Torex Gold Resources had a net margin of 23.16% and a return on equity of 14.68%. The company had revenue of C$384.49 million for the quarter. Analysts anticipate that Torex Gold Resources will post 2.0050352 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, Director Rodrigo Sandoval Navarro purchased 5,000 shares of the stock in a transaction dated Monday, February 26th. The shares were purchased at an average cost of C$9.97 per share, with a total value of C$49,843.00. In the last 90 days, insiders acquired 7,715 shares of company stock valued at $78,078. 0.22% of the stock is owned by company insiders.
Torex Gold Resources Company Profile
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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.
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