Torex Gold Resources (TSE:TXG) Price Target Raised to C$38.00

Torex Gold Resources (TSE:TXG) had its price target raised by TD Securities from C$34.00 to C$38.00 in a report published on Friday, BayStreet.CA reports.

TXG has been the topic of a number of other research reports. BMO Capital Markets boosted their price objective on shares of Torex Gold Resources from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Cormark upped their price target on shares of Torex Gold Resources from C$30.00 to C$33.00 in a report on Friday, September 6th. Canaccord Genuity Group raised their price objective on shares of Torex Gold Resources from C$30.50 to C$32.00 in a research note on Tuesday, July 23rd. National Bankshares raised Torex Gold Resources from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$31.25 to C$37.75 in a research note on Thursday, October 10th. Finally, National Bank Financial upgraded Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$31.86.

Torex Gold Resources Stock Performance

TSE TXG opened at C$30.57 on Friday. The company has a debt-to-equity ratio of 7.32, a current ratio of 1.09 and a quick ratio of 2.12. Torex Gold Resources has a 1-year low of C$12.40 and a 1-year high of C$32.10. The business has a 50 day simple moving average of C$25.96 and a two-hundred day simple moving average of C$22.60. The stock has a market capitalization of C$2.63 billion, a PE ratio of 19.17, a P/E/G ratio of 0.02 and a beta of 1.34.

Torex Gold Resources (TSE:TXG) last posted its earnings results on Wednesday, August 7th. The company reported C$0.82 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.70 by C$0.12. The firm had revenue of C$369.83 million during the quarter. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. On average, research analysts predict that Torex Gold Resources will post 3.6254502 EPS for the current fiscal year.

About Torex Gold Resources

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.