Torex Gold Resources (TSE:TXG) Price Target Increased to C$32.00 by Analysts at Canaccord Genuity Group

Torex Gold Resources (TSE:TXG) had its price objective upped by Canaccord Genuity Group from C$30.50 to C$32.00 in a research report released on Tuesday, BayStreet.CA reports.

A number of other research firms have also recently issued reports on TXG. National Bankshares increased their target price 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. CIBC increased 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. Scotiabank raised their price objective on shares of Torex Gold Resources from C$23.00 to C$25.00 in a report on Thursday, May 23rd. Finally, Raymond James set a C$27.00 target price on shares of Torex Gold Resources and gave the stock an outperform rating in a research note on Friday, June 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of C$26.56.

Torex Gold Resources Trading Up 1.3 %

TXG opened at C$21.30 on Tuesday. The firm’s fifty day moving average is C$21.46 and its two-hundred day moving average is C$18.58. The firm has a market cap of C$1.83 billion, a PE ratio of 7.63, a price-to-earnings-growth ratio of 0.02 and a beta of 1.33. Torex Gold Resources has a twelve month low of C$12.40 and a twelve month high of C$23.56. 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 posted its earnings results on Wednesday, May 8th. The company reported C$0.57 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of C$318.84 million for the quarter. Equities research analysts anticipate that Torex Gold Resources will post 2.5906363 EPS for the current year.

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.