Torex Gold Resources Inc. (TSE:TXG - Get Free Report)'s share price traded down 11.6% during mid-day trading on Friday . The stock traded as low as C$27.44 and last traded at C$28.22. 205,638 shares were traded during trading, a decline of 20% from the average session volume of 258,413 shares. The stock had previously closed at C$31.91.
Analyst Ratings Changes
Several research firms recently issued reports on TXG. BMO Capital Markets raised their target price on shares of Torex Gold Resources from C$29.00 to C$30.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. National Bankshares raised shares of 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. TD Securities raised their target price on shares of Torex Gold Resources from C$34.00 to C$38.00 in a research report on Friday, October 18th. CIBC raised their price target on shares of Torex Gold Resources from C$33.00 to C$34.50 in a report on Monday, December 2nd. Finally, Scotiabank raised their price target on shares of Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of C$34.03.
Check Out Our Latest Stock Analysis on Torex Gold Resources
Torex Gold Resources Trading Down 11.8 %
The stock has a market cap of C$2.42 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 0.02 and a beta of 1.34. The business's fifty day simple moving average is C$28.92 and its 200 day simple moving average is C$24.84. 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 (TSE:TXG - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share (EPS) 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. On average, research analysts predict that Torex Gold Resources Inc. will post 3.6254502 EPS for the current year.
About Torex Gold Resources
(
Get Free Report)
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.
See Also
Before you consider Torex Gold Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Torex Gold Resources wasn't on the list.
While Torex Gold Resources currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
