Torex Gold Resources (TSE:TXG) Given New C$28.50 Price Target at Canaccord Genuity Group

Torex Gold Resources (TSE:TXG) had its target price upped by Canaccord Genuity Group from C$26.25 to C$28.50 in a research note published on Tuesday morning, BayStreet.CA reports.

Several other research firms also recently issued reports on TXG. National Bankshares upped their price objective on shares of Torex Gold Resources from C$25.00 to C$25.25 in a report on Friday, April 19th. CIBC upped their price objective on shares of Torex Gold Resources from C$21.00 to C$23.00 in a report on Monday, April 15th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of C$25.16.

Torex Gold Resources Stock Up 0.8 %

Torex Gold Resources stock opened at C$19.91 on Tuesday. The firm has a market cap of C$1.71 billion, a PE ratio of 6.26, 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$17.82 and its two-hundred day moving average price is C$15.34. 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 Torex Gold Resources news, Director Rodrigo Sandoval Navarro acquired 5,000 shares of Torex Gold Resources stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of C$9.97 per share, with a total value of C$49,843.00. 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.