Brokerages Set Torex Gold Resources Inc. (TSE:TXG) Price Target at C$25.75

Shares of Torex Gold Resources Inc. (TSE:TXG) have been given a consensus rating of “Moderate Buy” by the five analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$25.75.

A number of research analysts have commented on the company. Raymond James set a C$27.00 price objective on Torex Gold Resources and gave the company an “outperform” rating in a report on Friday, June 7th. Canaccord Genuity Group upped their target price on Torex Gold Resources from C$26.25 to C$28.50 in a research report on Tuesday, April 23rd. National Bankshares upped their target price on Torex Gold Resources from C$27.00 to C$27.50 and gave the company a “sector perform” rating in a research report on Monday, June 10th. CIBC upped their target price on Torex Gold Resources from C$21.00 to C$23.00 in a research report on Monday, April 15th. Finally, Scotiabank upped their price objective on Torex Gold Resources from C$23.00 to C$25.00 in a research report on Thursday, May 23rd.

Torex Gold Resources Stock Up 2.2 %

TXG stock opened at C$21.20 on Friday. The company has a current ratio of 1.07, a quick ratio of 2.12 and a debt-to-equity ratio of 2.86. The firm has a market capitalization of C$1.82 billion, a PE ratio of 7.60, a PEG ratio of 0.02 and a beta of 1.33. Torex Gold Resources has a 1-year low of C$12.40 and a 1-year high of C$22.56. The business’s 50 day simple moving average is C$20.62 and its 200 day simple moving average is C$17.63.

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

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.