Torex Gold Resources (TSE:TXG) PT Raised to C$28.50 at Canaccord Genuity Group

Torex Gold Resources (TSE:TXG) had its target price increased by Canaccord Genuity Group from C$26.25 to C$28.50 in a report released on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential upside of 46.53% from the stock’s previous close.

Several other research analysts also recently commented on the company. National Bankshares increased their price objective on Torex Gold Resources from C$25.00 to C$25.25 in a research note on Friday, April 19th. CIBC upped their target price on Torex Gold Resources from C$21.00 to C$23.00 in a report on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$25.16.

Torex Gold Resources Stock Down 0.8 %

TSE TXG opened at C$19.45 on Tuesday. The business has a fifty day moving average price of C$17.58 and a 200 day moving average price of C$15.28. Torex Gold Resources has a one year low of C$12.40 and a one year high of C$25.40. 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 company has a market cap of C$1.67 billion, a P/E ratio of 6.12, a P/E/G ratio of 0.02 and a beta of 1.18.

Torex Gold Resources (TSE:TXG) last posted its quarterly earnings data 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 net margin of 23.16% and a return on equity of 14.68%. The firm had revenue of C$384.49 million during the quarter. Research analysts anticipate that Torex Gold Resources will post 2.0050352 EPS for the current fiscal year.

Insider Buying and Selling at Torex Gold Resources

In other Torex Gold Resources news, Director Rodrigo Sandoval Navarro purchased 5,000 shares of the stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of C$9.97 per share, for a total transaction of C$49,843.00. 0.22% of the stock is owned by company 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.