Torex Gold Resources (TSE:TXG) Price Target Increased to C$28.50 by Analysts at Canaccord Genuity Group

Torex Gold Resources (TSE:TXG) had its price objective boosted by Canaccord Genuity Group from C$26.25 to C$28.50 in a report published on Tuesday, BayStreet.CA reports.

A number of other analysts have also issued reports on TXG. National Bankshares increased their price target on shares of Torex Gold Resources from C$25.00 to C$25.25 in a research report 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 report on Monday, April 15th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of C$25.16.

Torex Gold Resources Price Performance

TSE TXG opened at C$19.60 on Tuesday. The company has a 50 day simple moving average of C$17.58 and a 200-day simple moving average of C$15.28. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.44 and a quick ratio of 2.12. The firm has a market capitalization of C$1.69 billion, a price-to-earnings ratio of 6.16, a price-to-earnings-growth ratio of 0.02 and a beta of 1.18. Torex Gold Resources has a 52-week low of C$12.40 and a 52-week high of C$25.40.

Torex Gold Resources (TSE:TXG) 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 company had revenue of C$384.49 million during the quarter. Torex Gold Resources had a return on equity of 14.68% and a net margin of 23.16%. Equities research analysts predict that Torex Gold Resources will post 2.0050352 earnings per share for the current fiscal year.

Insider Activity at Torex Gold Resources

In other news, Director Rodrigo Sandoval Navarro purchased 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were bought at an average price of C$9.97 per share, with a total value of C$49,843.00. 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.