Torex Gold Resources (TSE:TXG - Free Report) had its target price boosted by National Bankshares from C$25.00 to C$25.25 in a research report released on Friday morning, BayStreet.CA reports.
Separately, CIBC boosted their price objective on shares of Torex Gold Resources from C$21.00 to C$23.00 in a research report on Monday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Torex Gold Resources has an average rating of Moderate Buy and a consensus price target of C$24.68.
Read Our Latest Analysis on TXG
Torex Gold Resources Price Performance
TXG traded up C$0.50 during trading hours on Friday, hitting C$20.38. The company's stock had a trading volume of 234,587 shares, compared to its average volume of 262,061. The business's 50-day moving average price is C$17.19 and its 200-day moving average price is C$15.12. Torex Gold Resources has a 12 month low of C$12.40 and a 12 month high of C$25.40. The stock has a market cap of C$1.75 billion, a price-to-earnings ratio of 6.41, a P/E/G ratio of 0.02 and a beta of 1.18. The company has a current ratio of 1.44, a quick ratio of 2.12 and a debt-to-equity ratio of 2.14.
Torex Gold Resources (TSE:TXG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$0.77 earnings per share for the quarter, missing the consensus estimate of C$0.98 by C($0.21). Torex Gold Resources had a return on equity of 14.68% and a net margin of 23.16%. The business had revenue of C$384.49 million during the quarter. Sell-side analysts expect that Torex Gold Resources will post 2.0050352 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Rodrigo Sandoval Navarro bought 5,000 shares of the stock in a transaction dated Monday, February 26th. The stock was purchased at an average cost of C$9.97 per share, with a total value of C$49,843.00. Over the last ninety days, insiders purchased 7,715 shares of company stock valued at $78,078. 0.22% of the stock is currently owned by company insiders.
About Torex Gold Resources
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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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