Torex Gold Resources (TSE:TXG) Hits New 1-Year Low at $8.52

Torex Gold Resources Inc. (TSE:TXGGet Rating)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as C$8.52 and last traded at C$8.62, with a volume of 222742 shares changing hands. The stock had previously closed at C$9.25.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. TD Securities reduced their price target on shares of Torex Gold Resources from C$31.00 to C$27.00 in a research report on Thursday, July 21st. National Bankshares lifted their price target on Torex Gold Resources from C$15.00 to C$15.50 and gave the company a “sector perform” rating in a research note on Friday, August 5th. Finally, Scotiabank upped their price objective on Torex Gold Resources from C$23.00 to C$24.00 in a research report on Friday, August 5th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$21.44.

Torex Gold Resources Trading Down 5.4 %

The business has a fifty day simple moving average of C$9.86 and a 200-day simple moving average of C$12.25. The firm has a market cap of C$751.14 million and a price-to-earnings ratio of 4.15. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.21 and a current ratio of 3.17.

Torex Gold Resources (TSE:TXGGet Rating) last released its quarterly earnings data on Wednesday, August 3rd. The company reported C$0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.65 by C$0.19. The firm had revenue of C$299.94 million during the quarter. As a group, equities analysts forecast that Torex Gold Resources Inc. will post 1.5099999 earnings per share for the current fiscal year.

Insider Transactions at Torex Gold Resources

In related news, Director Rosalie C. Moore bought 4,000 shares of the stock in a transaction that occurred on Thursday, June 30th. The stock was acquired at an average cost of C$10.77 per share, with a total value of C$43,080.00. Following the transaction, the director now directly owns 15,794 shares in the company, valued at C$170,101.38.

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 that covers an area of 29,000 hectares located southwest of Mexico City. The company's principal assets include the El Limón Guajes mining complex comprising the El Limón Guajes open pits, the El Limón Guajes underground mine, and the processing plant and related infrastructure, and the Media Luna deposit, which is an advanced stage development project.

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