Torex Gold Resources (TSE:TXG) Price Target Raised to C$32.00

Torex Gold Resources (TSE:TXG) had its price target increased by Canaccord Genuity Group from C$30.50 to C$32.00 in a report issued on Tuesday morning, BayStreet.CA reports.

A number of other analysts also recently weighed in on the company. CIBC increased their price target on Torex Gold Resources from C$23.00 to C$26.00 in a report on Wednesday, July 10th. Scotiabank raised their target price on Torex Gold Resources from C$23.00 to C$25.00 in a research note on Thursday, May 23rd. Raymond James set a C$27.00 price target on Torex Gold Resources and gave the company an outperform rating in a research note on Friday, June 7th. Finally, National Bankshares raised their price objective on shares of Torex Gold Resources from C$27.00 to C$27.50 and gave the stock a sector perform rating in a research report on Monday, June 10th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Torex Gold Resources currently has an average rating of Moderate Buy and a consensus target price of C$26.56.

Torex Gold Resources Stock Performance

Shares of TXG stock opened at C$21.30 on Tuesday. The stock has a market capitalization of C$1.83 billion, a PE ratio of 7.63, a PEG ratio of 0.02 and a beta of 1.33. The business’s 50 day simple moving average is C$21.46 and its 200 day simple moving average is C$18.58. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.07 and a quick ratio of 2.12. Torex Gold Resources has a one year low of C$12.40 and a one year high of C$23.56.

Torex Gold Resources (TSE:TXG) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C$0.57 EPS for the quarter, beating analysts’ consensus estimates of C$0.52 by C$0.05. Torex Gold Resources had a net margin of 20.14% and a return on equity of 12.37%. The company had revenue of C$318.84 million for the quarter. As a group, research analysts forecast that Torex Gold Resources will post 2.5906363 earnings per share for the current year.

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.