Torex Gold Resources (TSE:TXG) Price Target Raised to C$37.00

Torex Gold Resources (TSE:TXG) had its target price upped by Scotiabank from C$33.00 to C$37.00 in a research report released on Thursday morning,BayStreet.CA reports.

TXG has been the subject of a number of other reports. TD Securities boosted their price objective on Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. BMO Capital Markets boosted their price objective on Torex Gold Resources from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Cormark boosted their price objective on Torex Gold Resources from C$30.00 to C$33.00 in a report on Friday, September 6th. National Bankshares raised Torex Gold Resources from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$31.25 to C$37.75 in a report on Thursday, October 10th. Finally, National Bank Financial raised Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$32.75.

Torex Gold Resources Trading Down 0.3 %

TSE TXG opened at C$31.07 on Thursday. The company has a quick ratio of 2.12, a current ratio of 1.09 and a debt-to-equity ratio of 7.32. Torex Gold Resources has a twelve month low of C$12.77 and a twelve month high of C$32.10. The company has a market cap of C$2.67 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The business’s fifty day moving average is C$28.23 and its 200 day moving average is C$24.28.

Torex Gold Resources (TSE:TXG) last announced its earnings results on Wednesday, November 6th. The company reported C$1.02 EPS for the quarter, topping the consensus estimate of C$0.82 by C$0.20. The firm had revenue of C$427.96 million for the quarter. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. As a group, sell-side analysts expect that Torex Gold Resources will post 3.6254502 EPS for the current fiscal 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.