Torex Gold Resources (TSE:TXG) Price Target Raised to C$37.00

Torex Gold Resources (TSE:TXG) had its price objective raised by Scotiabank from C$33.00 to C$37.00 in a research note published on Thursday,BayStreet.CA reports.

Other equities research analysts have also issued research reports about the stock. National Bank Financial raised shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. TD Securities upped their price target on Torex Gold Resources from C$34.00 to C$38.00 in a research note on Friday, October 18th. Royal Bank of Canada lifted their price objective 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. BMO Capital Markets increased their target price on Torex Gold Resources from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, Cormark lifted their price target on Torex Gold Resources from C$30.00 to C$33.00 in a research report on Friday, September 6th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$32.75.

Torex Gold Resources Stock Down 0.3 %

Shares of TSE:TXG opened at C$31.07 on Thursday. The company has a debt-to-equity ratio of 7.32, a quick ratio of 2.12 and a current ratio of 1.09. Torex Gold Resources has a 52-week low of C$12.77 and a 52-week high of C$32.10. The firm has a market capitalization of C$2.67 billion, a P/E ratio of 18.72, a P/E/G ratio of 0.02 and a beta of 1.34. The stock has a 50 day moving average price of C$28.23 and a 200-day moving average price of C$24.28.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$1.02 EPS for the quarter, beating the consensus estimate of C$0.82 by C$0.20. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. The business had revenue of C$427.96 million during the quarter. As a group, equities research analysts anticipate that Torex Gold Resources will post 3.6254502 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.