Torex Gold Resources (TSE:TXG) PT Raised to C$23.00 at CIBC

Torex Gold Resources (TSE:TXG) had its target price lifted by research analysts at CIBC from C$21.00 to C$23.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 18.07% from the company’s previous close.

Torex Gold Resources Price Performance

TXG opened at C$19.48 on Monday. Torex Gold Resources has a 52-week low of C$12.40 and a 52-week high of C$25.40. The stock has a market cap of C$1.67 billion, a P/E ratio of 6.13, a PEG ratio of 0.02 and a beta of 1.18. The business has a fifty day moving average of C$16.95 and a 200 day moving average of C$15.05. The company has a quick ratio of 2.12, a current ratio of 1.44 and a debt-to-equity ratio of 2.14.

Torex Gold Resources (TSE:TXG) last announced its earnings results on Wednesday, February 21st. The company reported C$0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.98 by C($0.21). The business had revenue of C$384.49 million for the quarter. Torex Gold Resources had a net margin of 23.16% and a return on equity of 14.68%. As a group, sell-side analysts anticipate that Torex Gold Resources will post 2.0050352 EPS for the current year.

Insiders Place Their Bets

In other Torex Gold Resources news, Director Rodrigo Sandoval Navarro purchased 5,000 shares of the stock in a transaction on Monday, February 26th. The shares were bought at an average price of C$9.97 per share, for a total transaction of C$49,843.00. Over the last 90 days, insiders have acquired 7,715 shares of company stock worth $78,078. 0.22% of the stock is owned by corporate insiders.

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.