Torex Gold Resources Inc. (TSE:TXG) Receives C$25.69 Consensus Target Price from Analysts

Shares of Torex Gold Resources Inc. (TSE:TXGGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$25.69.

Several research analysts recently weighed in on the stock. National Bankshares boosted their price target on shares of Torex Gold Resources from C$25.50 to C$27.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 14th. Scotiabank upped their target price on Torex Gold Resources from C$23.00 to C$25.00 in a report on Thursday, May 23rd. Canaccord Genuity Group lifted their price target on Torex Gold Resources from C$26.25 to C$28.50 in a report on Tuesday, April 23rd. Finally, CIBC upped their price objective on Torex Gold Resources from C$21.00 to C$23.00 in a research note on Monday, April 15th.

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Torex Gold Resources Price Performance

TXG stock opened at C$22.45 on Tuesday. Torex Gold Resources has a 1 year low of C$12.40 and a 1 year high of C$22.56. The stock has a market capitalization of C$1.93 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 0.02 and a beta of 1.33. The company’s 50-day moving average is C$20.18 and its 200-day moving average is C$16.73. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.07 and a quick ratio of 2.12.

Torex Gold Resources (TSE:TXGGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported C$0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.52 by C$0.05. Torex Gold Resources had a return on equity of 12.37% and a net margin of 20.14%. The business had revenue of C$318.84 million during the quarter. Equities research analysts expect that Torex Gold Resources will post 2.5906363 EPS for the current fiscal year.

Torex Gold Resources Company Profile

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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, 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.

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Analyst Recommendations for Torex Gold Resources (TSE:TXG)

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