Torex Gold Resources (TSE:TXG) PT Raised to C$23.00

Torex Gold Resources (TSE:TXG) had its target price upped by CIBC from C$21.00 to C$23.00 in a research note published on Monday morning, BayStreet.CA reports.

Torex Gold Resources Stock Up 0.6 %

Torex Gold Resources stock opened at C$19.88 on Monday. The firm has a market cap of C$1.71 billion, a PE ratio of 6.25, a P/E/G ratio of 0.02 and a beta of 1.18. The company has a debt-to-equity ratio of 2.14, a quick ratio of 2.12 and a current ratio of 1.44. The firm’s 50 day moving average price is C$17.19 and its two-hundred day moving average price is C$15.12. Torex Gold Resources has a twelve month low of C$12.40 and a twelve month high of C$25.40.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$0.77 EPS 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 for the quarter. On average, research analysts predict that Torex Gold Resources will post 2.0050352 EPS for the current fiscal year.

Insider Transactions at Torex Gold Resources

In other news, Director Rodrigo Sandoval Navarro bought 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average cost of C$9.97 per share, for a total transaction of C$49,843.00. Insiders have acquired a total of 7,715 shares of company stock worth $78,078 in the last 90 days. 0.22% of the stock is owned by insiders.

About Torex Gold Resources

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.