Torex Gold Resources Inc. (TSE:TXG – Get Free Report) shares hit a new 52-week high during trading on Thursday after CIBC raised their price target on the stock from C$23.00 to C$26.00. The company traded as high as C$23.56 and last traded at C$23.29, with a volume of 128666 shares traded. The stock had previously closed at C$22.61.
Other analysts have also recently issued reports about the company. Scotiabank upped their price objective on Torex Gold Resources from C$23.00 to C$25.00 in a report on Thursday, May 23rd. Canaccord Genuity Group upped their price target on shares of Torex Gold Resources from C$26.25 to C$28.50 in a research note on Tuesday, April 23rd. National Bankshares lifted their price objective on shares of Torex Gold Resources from C$27.00 to C$27.50 and gave the stock a “sector perform” rating in a research note on Monday, June 10th. Finally, Raymond James set a C$27.00 target price on shares of Torex Gold Resources and gave the stock an “outperform” rating in a report on Friday, June 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$26.13.
View Our Latest Stock Analysis on TXG
Torex Gold Resources Stock Performance
Torex Gold Resources (TSE:TXG – Get Free Report) last released its earnings results on Wednesday, May 8th. The company reported C$0.57 EPS for the quarter, topping analysts’ consensus estimates of C$0.52 by C$0.05. Torex Gold Resources had a net margin of 20.14% and a return on equity of 12.37%. The company had revenue of C$318.84 million during the quarter. Research analysts forecast that Torex Gold Resources Inc. will post 2.5906363 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.
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