Torex Gold Resources (TSE:TXG) Price Target Raised to C$25.25

Torex Gold Resources (TSE:TXG) had its target price raised by National Bankshares from C$25.00 to C$25.25 in a research note issued to investors on Friday morning, BayStreet.CA reports.

Separately, 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of C$24.68.

Torex Gold Resources Trading Up 2.5 %

Shares of TSE TXG opened at C$20.38 on Friday. The business’s 50 day moving average is C$17.32 and its two-hundred day moving average is C$15.17. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.44 and a quick ratio of 2.12. Torex Gold Resources has a 1-year low of C$12.40 and a 1-year high of C$25.40. The stock has a market capitalization of C$1.75 billion, a P/E ratio of 6.41, a PEG ratio of 0.02 and a beta of 1.18.

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

Insider Activity at Torex Gold Resources

In other news, Director Rodrigo Sandoval Navarro purchased 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average price of C$9.97 per share, for a total transaction of C$49,843.00. Over the last quarter, insiders bought 7,715 shares of company stock worth $78,078. Company insiders own 0.22% of the company’s stock.

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.