Torex Gold Resources (TSE:TXG) Price Target Raised to C$33.00

Torex Gold Resources (TSE:TXG) had its price target boosted by Cormark from C$30.00 to C$33.00 in a research report report published on Friday morning, BayStreet.CA reports.

A number of other brokerages have also recently weighed in on TXG. Royal Bank of Canada increased their price target on Torex Gold Resources from C$30.00 to C$32.00 and gave the stock an outperform rating in a research report on Tuesday, September 3rd. National Bankshares raised their target price on shares of Torex Gold Resources from C$27.00 to C$27.50 and gave the company a sector perform rating in a research note on Monday, June 10th. Scotiabank boosted their price target on shares of Torex Gold Resources from C$27.00 to C$29.00 in a research report on Friday. Canaccord Genuity Group increased their price objective on shares of Torex Gold Resources from C$30.50 to C$32.00 in a report on Tuesday, July 23rd. Finally, Raymond James set a C$27.00 target price on Torex Gold Resources and gave the stock an outperform rating in a report on Friday, June 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of C$29.17.

Torex Gold Resources Stock Performance

Shares of TXG stock opened at C$24.24 on Friday. The company has a debt-to-equity ratio of 7.32, a quick ratio of 2.12 and a current ratio of 1.09. The stock has a market capitalization of C$2.08 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 0.02 and a beta of 1.33. Torex Gold Resources has a one year low of C$12.40 and a one year high of C$26.85. The company’s 50-day simple moving average is C$23.11 and its 200-day simple moving average is C$20.77.

Torex Gold Resources (TSE:TXG) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.70 by C$0.12. The company had revenue of C$369.83 million for the quarter. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. Equities analysts anticipate that Torex Gold Resources will post 2.688728 earnings per share for the current fiscal 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.