Torex Gold Resources (TSE:TXG) PT Raised to C$25.00

Torex Gold Resources (TSE:TXG) had its price objective increased by stock analysts at Scotiabank from C$23.00 to C$25.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 23.27% from the stock’s previous close.

Several other equities research analysts have also issued reports on TXG. Canaccord Genuity Group boosted their target price on Torex Gold Resources from C$26.25 to C$28.50 in a report on Tuesday, April 23rd. National Bankshares upped their price target on Torex Gold Resources from C$25.50 to C$27.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 14th. Finally, CIBC boosted their price objective on Torex Gold Resources from C$21.00 to C$23.00 in a research note on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.69.

Torex Gold Resources Trading Up 1.0 %

Shares of TSE:TXG opened at C$20.28 on Thursday. Torex Gold Resources has a 1-year low of C$12.40 and a 1-year high of C$22.24. The company has a 50 day moving average price of C$19.73 and a 200 day moving average price of C$16.25. The stock has a market capitalization of C$1.74 billion, a price-to-earnings ratio of 7.27, a PEG ratio of 0.02 and a beta of 1.33. The company has a debt-to-equity ratio of 2.86, a quick ratio of 2.12 and a current ratio of 1.07.

Torex Gold Resources (TSE:TXG) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.77 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.98 by C($0.21). The company had revenue of C$384.49 million during the quarter. Torex Gold Resources had a return on equity of 12.37% and a net margin of 20.14%. On average, research analysts anticipate that Torex Gold Resources will post 2.5906363 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Rodrigo Sandoval Navarro bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average cost of C$9.97 per share, with a total value of C$49,843.00. In the last three months, insiders have purchased 6,491 shares of company stock valued at $69,576. 0.22% of the stock is currently owned by company insiders.

About Torex Gold Resources

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.