Torex Gold Resources (TSE:TXG) PT Raised to C$30.00 at BMO Capital Markets

Torex Gold Resources (TSE:TXG) had its price target increased by stock analysts at BMO Capital Markets from C$29.00 to C$30.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 22.20% from the company’s current price.

Other research analysts have also issued reports about the stock. CIBC upped their target price on shares of Torex Gold Resources from C$23.00 to C$26.00 in a report on Wednesday, July 10th. Raymond James set a C$27.00 price objective on shares of Torex Gold Resources and gave the company an “outperform” rating in a research report on Friday, June 7th. National Bankshares raised their target price 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 report on Monday, June 10th. Royal Bank of Canada boosted their price target on Torex Gold Resources from C$32.00 to C$34.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Canaccord Genuity Group increased their price target on Torex Gold Resources from C$30.50 to C$32.00 in a research note 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$30.17.

Torex Gold Resources Trading Down 1.7 %

Shares of Torex Gold Resources stock opened at C$24.55 on Tuesday. Torex Gold Resources has a 1 year low of C$12.40 and a 1 year high of C$26.85. The company has a debt-to-equity ratio of 7.32, a current ratio of 1.09 and a quick ratio of 2.12. The business has a 50 day moving average price of C$23.24 and a 200 day moving average price of C$20.87. The company has a market capitalization of C$2.11 billion, a P/E ratio of 15.06, a P/E/G ratio of 0.02 and a beta of 1.35.

Torex Gold Resources (TSE:TXG) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.82 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.70 by C$0.12. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. The company had revenue of C$369.83 million during the quarter. Sell-side analysts anticipate that Torex Gold Resources will post 3.2219355 EPS 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.