Torex Gold Resources (TSE:TXG - Free Report) had its target price boosted by Canaccord Genuity Group from C$26.25 to C$28.50 in a research note published on Tuesday morning, BayStreet.CA reports.
A number of other equities research analysts have also issued reports on the stock. National Bankshares lifted their target price on shares of Torex Gold Resources from C$25.00 to C$25.25 in a research note on Friday. CIBC lifted their target price on shares of Torex Gold Resources from C$21.00 to C$23.00 in a research note on Monday, April 15th. Two 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, the company currently has an average rating of Moderate Buy and a consensus target price of C$25.16.
View Our Latest Report on TXG
Torex Gold Resources Trading Up 0.1 %
TSE TXG traded up C$0.02 on Tuesday, hitting C$19.60. 230,280 shares of the stock were exchanged, compared to its average volume of 262,359. The company's 50-day moving average price is C$17.58 and its two-hundred day moving average price is C$15.28. The company has a market capitalization of C$1.69 billion, a price-to-earnings ratio of 6.16, a P/E/G ratio of 0.02 and a beta of 1.18. Torex Gold Resources has a 52-week low of C$12.40 and a 52-week high of C$25.40. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.44 and a quick ratio of 2.12.
Torex Gold Resources (TSE:TXG - Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported C$0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.98 by C($0.21). The company had revenue of C$384.49 million for the quarter. Torex Gold Resources had a net margin of 23.16% and a return on equity of 14.68%. Research analysts predict that Torex Gold Resources will post 2.0050352 EPS for the current year.
Insider Activity at Torex Gold Resources
In other Torex Gold Resources news, Director Rodrigo Sandoval Navarro acquired 5,000 shares of Torex Gold Resources stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average price of C$9.97 per share, with a total value of C$49,843.00. 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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