Torex Gold Resources Inc. (TSE:TXG – Get Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$15.67 and traded as high as C$19.34. Torex Gold Resources shares last traded at C$19.19, with a volume of 179,805 shares traded.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. National Bankshares lifted their target price on Torex Gold Resources from C$25.00 to C$25.25 in a research note on Friday, April 19th. CIBC raised their price objective on shares of Torex Gold Resources from C$21.00 to C$23.00 in a research note on Monday, April 15th. Finally, Canaccord Genuity Group boosted their target price on Torex Gold Resources from C$26.25 to C$28.50 in a research report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Torex Gold Resources currently has a consensus rating of “Moderate Buy” and an average price target of C$25.16.
Check Out Our Latest Stock Analysis on TXG
Torex Gold Resources Stock Performance
Torex Gold Resources (TSE:TXG – Get Free Report) last posted 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). The firm had revenue of C$384.49 million for the quarter. Torex Gold Resources had a net margin of 23.16% and a return on equity of 14.68%. Equities research analysts anticipate that Torex Gold Resources Inc. will post 2.4566624 EPS for the current year.
Insider Buying and Selling
In other Torex Gold Resources news, Director Rodrigo Sandoval Navarro purchased 5,000 shares of Torex Gold Resources stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of C$9.97 per share, with a total value of C$49,843.00. Corporate insiders own 0.22% of the company’s stock.
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.
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