Torex Gold Resources (TSE:TXG) PT Raised to C$32.00

Torex Gold Resources (TSE:TXG) had its price objective hoisted by Royal Bank of Canada from C$30.00 to C$32.00 in a report released on Tuesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts have also recently issued research reports about the company. National Bankshares upped their price target on Torex Gold Resources from C$27.00 to C$27.50 and gave the stock a sector perform rating in a research note on Monday, June 10th. Scotiabank raised shares of Torex Gold Resources from a sector perform rating to an outperform rating and lifted their target price for the company from C$26.00 to C$27.00 in a report on Monday, August 19th. CIBC raised their price objective on shares of Torex Gold Resources from C$23.00 to C$26.00 in a research report on Wednesday, July 10th. Canaccord Genuity Group boosted their target price on Torex Gold Resources from C$30.50 to C$32.00 in a research report on Tuesday, July 23rd. Finally, Raymond James set a C$27.00 price target on Torex Gold Resources and gave the company an outperform rating in a research note on Friday, June 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of C$29.17.

Torex Gold Resources Stock Down 4.3 %

Shares of TSE:TXG opened at C$23.80 on Tuesday. Torex Gold Resources has a 1-year low of C$12.40 and a 1-year high of C$26.85. The company has a debt-to-equity ratio of 7.32, a current ratio of 1.09 and a quick ratio of 2.12. The stock has a market cap of C$2.05 billion, a P/E ratio of 14.78, a P/E/G ratio of 0.02 and a beta of 1.33. The firm has a fifty day moving average price of C$23.05 and a 200 day moving average price of C$20.60.

Torex Gold Resources (TSE:TXG) last announced its earnings results on Wednesday, August 7th. The company reported C$0.82 earnings per share for the quarter, topping the consensus estimate of C$0.70 by C$0.12. The business had revenue of C$369.83 million during the quarter. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. Sell-side analysts predict that Torex Gold Resources will post 2.688728 EPS for the current year.

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.