Torex Gold Resources (TSE:TXG) Price Target Increased to C$34.00 by Analysts at Royal Bank of Canada

Torex Gold Resources (TSE:TXG) had its price objective boosted by Royal Bank of Canada from C$32.00 to C$34.00 in a report published on Tuesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

TXG has been the topic of a number of other reports. TD Securities decreased their target price on Torex Gold Resources from C$34.00 to C$33.00 in a research report on Friday, August 9th. National Bankshares upped their target price on shares of Torex Gold Resources from C$27.00 to C$27.50 and gave the company a sector perform rating in a research report on Monday, June 10th. Scotiabank lifted their target price on Torex Gold Resources from C$27.00 to C$29.00 in a report on Friday, September 6th. Cormark raised their target price on shares of Torex Gold Resources from C$30.00 to C$33.00 in a report on Friday, September 6th. Finally, Canaccord Genuity Group boosted their target price on Torex Gold Resources from C$30.50 to C$32.00 in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of C$30.17.

Torex Gold Resources Trading Up 3.0 %

Shares of Torex Gold Resources stock opened at C$24.97 on Tuesday. 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 company has a fifty day moving average of C$23.19 and a 200 day moving average of C$20.84. The company has a market capitalization of C$2.15 billion, a P/E ratio of 15.51, a P/E/G ratio of 0.02 and a beta of 1.33. Torex Gold Resources has a fifty-two week low of C$12.40 and a fifty-two week high of C$26.85.

Torex Gold Resources (TSE:TXG) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.82 EPS for the quarter, beating analysts’ consensus estimates of C$0.70 by C$0.12. The business had revenue of C$369.83 million for the quarter. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. On average, sell-side analysts anticipate that Torex Gold Resources will post 2.688728 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.