Torex Gold Resources (TSE:TXG - Free Report) had its price target lifted by Royal Bank of Canada from C$34.00 to C$37.00 in a report issued on Friday,BayStreet.CA reports.
Several other equities research analysts have also issued reports on TXG. National Bank Financial upgraded shares of Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. National Bankshares raised Torex Gold Resources from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from C$31.25 to C$37.75 in a research report on Thursday, October 10th. Scotiabank upped their price target on Torex Gold Resources from C$33.00 to C$37.00 in a research report on Thursday, November 21st. BMO Capital Markets increased their price target on Torex Gold Resources from C$29.00 to C$30.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. Finally, CIBC boosted their price objective on Torex Gold Resources from C$33.00 to C$34.50 in a research note on Monday, December 2nd. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$34.03.
Read Our Latest Stock Report on Torex Gold Resources
Torex Gold Resources Stock Performance
TSE:TXG traded down C$3.76 during trading on Friday, reaching C$28.15. The company's stock had a trading volume of 801,816 shares, compared to its average volume of 261,470. Torex Gold Resources has a 12 month low of C$12.79 and a 12 month high of C$32.75. The firm has a market cap of C$2.42 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The firm has a 50 day moving average of C$28.92 and a 200-day moving average of C$24.87. The company has a debt-to-equity ratio of 7.32, a quick ratio of 2.12 and a current ratio of 1.09.
Torex Gold Resources (TSE:TXG - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share for the quarter, beating the consensus estimate of C$0.82 by C$0.20. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. The company had revenue of C$427.96 million during the quarter. Research analysts expect that Torex Gold Resources will post 3.6254502 EPS for the current fiscal year.
About Torex Gold Resources
(
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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.
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