Raymond James Boosts Torex Gold Resources (TSE:TXG) Price Target to C$34.00

Torex Gold Resources (TSE:TXG - Get Free Report) had its price objective boosted by investment analysts at Raymond James from C$33.00 to C$34.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Raymond James' price target points to a potential upside of 20.48% from the stock's previous close.

Other analysts have also recently issued reports about the company. BMO Capital Markets boosted their price target 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. Scotiabank upped their price objective on Torex Gold Resources from C$33.00 to C$37.00 in a research note on Thursday, November 21st. TD Securities upped their price target on Torex Gold Resources from C$34.00 to C$38.00 in a research report on Friday, October 18th. CIBC lifted their price target on Torex Gold Resources from C$33.00 to C$34.50 in a research report on Monday, December 2nd. Finally, National Bankshares upgraded Torex Gold Resources from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from C$31.25 to C$37.75 in a research report on Thursday, October 10th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of C$34.81.

Torex Gold Resources Trading Up 0.3 %

Shares of TSE:TXG traded up C$0.09 during trading on Tuesday, reaching C$28.22. The stock had a trading volume of 209,354 shares, compared to its average volume of 167,316. Torex Gold Resources has a fifty-two week low of C$12.79 and a fifty-two week high of C$32.75. The company has a quick ratio of 2.12, a current ratio of 1.09 and a debt-to-equity ratio of 7.32. The business has a fifty day moving average price of C$28.92 and a 200-day moving average price of C$25.91. The stock has a market cap of C$2.43 billion, a P/E ratio of 17.00, a PEG ratio of 0.02 and a beta of 1.34.

Torex Gold Resources (TSE:TXG - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.82 by C$0.20. The firm had revenue of C$427.96 million during the quarter. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. As a group, analysts anticipate that Torex Gold Resources will post 3.6254502 earnings per share 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.