Torex Gold Resources (TSE:TXG) PT Raised to C$24.00 at BMO Capital Markets

Torex Gold Resources (TSE:TXG – Get Rating) had its price target lifted by equities researchers at BMO Capital Markets from C$23.00 to C$24.00 in a research report issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 32.16% from the company’s current price.

A number of other equities analysts have also recently commented on TXG. National Bankshares lifted their price target on Torex Gold Resources from C$15.50 to C$21.50 and gave the stock a “sector perform” rating in a report on Friday, January 13th. CIBC lifted their price target on shares of Torex Gold Resources from C$16.50 to C$18.50 and gave the company a “neutral” rating in a research report on Friday, January 13th. Scotiabank boosted their price objective on shares of Torex Gold Resources from C$18.00 to C$19.00 in a research report on Thursday, November 10th. Finally, Stifel Nicolaus boosted their target price on shares of Torex Gold Resources from C$21.50 to C$22.00 in a research note on Friday, January 13th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$21.56.

Torex Gold Resources Stock Performance

TXG stock opened at C$18.16 on Thursday. The business’s fifty day moving average is C$14.86 and its 200-day moving average is C$11.54. The company has a quick ratio of 2.12, a current ratio of 3.02 and a debt-to-equity ratio of 0.25. The company has a market cap of C$1.56 billion and a P/E ratio of 7.79. Torex Gold Resources has a twelve month low of C$8.07 and a twelve month high of C$18.73.

Torex Gold Resources (TSE:TXG – Get Rating) last released its earnings results on Wednesday, November 9th. The company reported C$0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.43 by C$0.09. The firm had revenue of C$273.10 million for the quarter. Equities research analysts forecast that Torex Gold Resources will post 1.39 EPS for the current year.

About Torex Gold Resources

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Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property that covers an area of 29,000 hectares located southwest of Mexico City. The company's principal assets include the El Limón Guajes mining complex comprising the El Limón Guajes open pits, the El Limón Guajes underground mine, and the processing plant and related infrastructure, and the Media Luna deposit, which is an advanced stage development project.