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

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

A number of other research analysts have also issued reports on the company. CIBC boosted their price target on Torex Gold Resources from C$21.00 to C$23.00 in a research report on Monday, April 15th. National Bankshares upped their price objective on Torex Gold Resources from C$25.00 to C$25.25 in a report on Friday, April 19th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Torex Gold Resources has a consensus rating of Moderate Buy and a consensus target price of C$25.16.

Torex Gold Resources Trading Up 0.8 %

TSE:TXG opened at C$19.91 on Tuesday. Torex Gold Resources has a 12-month low of C$12.40 and a 12-month high of C$25.40. The firm has a market capitalization of C$1.71 billion, a P/E 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 current ratio of 1.44 and a quick ratio of 2.12. The business has a 50 day simple moving average of C$17.82 and a 200 day simple moving average of C$15.34.

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

Insider Transactions at Torex Gold Resources

In related news, Director Rodrigo Sandoval Navarro bought 5,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were 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.

Torex Gold Resources Company Profile

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.