Brokerages Set Torex Gold Resources Inc. (TSE:TXG) Price Target at C$30.17

Torex Gold Resources Inc. (TSE:TXG) has been given a consensus rating of “Moderate Buy” by the five analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$30.17.

TXG has been the subject of a number of recent research reports. CIBC raised their target price on Torex Gold Resources from C$23.00 to C$26.00 in a research note on Wednesday, July 10th. Royal Bank of Canada lifted their target price on Torex Gold Resources from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Raymond James set a C$27.00 target price on Torex Gold Resources and gave the stock an “outperform” rating in a research report on Friday, June 7th. Cormark boosted their price target on Torex Gold Resources from C$30.00 to C$33.00 in a report on Friday, September 6th. Finally, Scotiabank boosted their price target on Torex Gold Resources from C$27.00 to C$29.00 in a research report on Friday, September 6th.

Torex Gold Resources Stock Up 0.2 %

TSE TXG opened at C$25.80 on Thursday. The company has a quick ratio of 2.12, a current ratio of 1.09 and a debt-to-equity ratio of 7.32. The company has a fifty day moving average of C$23.39 and a two-hundred day moving average of C$21.04. The firm has a market capitalization of C$2.22 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 0.02 and a beta of 1.35. Torex Gold Resources has a 52 week low of C$12.40 and a 52 week high of C$26.85.

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