Torex Gold Resources (TSE:TXG) Reaches New 12-Month High - What's Next?

Torex Gold Resources Inc. (TSE:TXG - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$33.67 and last traded at C$33.67, with a volume of 51596 shares trading hands. The stock had previously closed at C$32.11.

Analysts Set New Price Targets

Several research analysts recently commented on the company. National Bank Financial raised 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 note on Thursday, October 10th. Raymond James raised their target price on Torex Gold Resources from C$33.00 to C$34.00 in a research note on Tuesday, January 7th. Scotiabank raised their target price on Torex Gold Resources from C$33.00 to C$37.00 in a research note on Thursday, November 21st. Finally, CIBC raised their target price on Torex Gold Resources from C$33.00 to C$34.50 in a research note on Monday, December 2nd. Four 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.com, the stock currently has an average rating of "Buy" and a consensus target price of C$34.81.

Torex Gold Resources Stock Down 0.4 %

The business has a 50-day moving average of C$29.09 and a 200-day moving average of C$27.16. The company has a debt-to-equity ratio of 7.32, a quick ratio of 2.12 and a current ratio of 1.09. The stock has a market capitalization of C$2.85 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 0.02 and a beta of 1.34.

Torex Gold Resources (TSE:TXG - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.82 by C$0.20. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. The firm had revenue of C$427.96 million during the quarter. On average, sell-side analysts expect that Torex Gold Resources Inc. will post 3.6254502 EPS for the current year.

Insider Activity at Torex Gold Resources

In other news, Director Caroline Donally bought 1,000 shares of the stock in a transaction that occurred on Monday, January 20th. The stock was bought at an average cost of C$27.91 per share, for a total transaction of C$27,908.00. Also, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of C$28.97, for a total value of C$162,898.31. Insiders bought 2,000 shares of company stock worth $55,927 in the last three months. 0.35% of the stock is owned by company insiders.

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.