Torex Gold Resources (TSE:TXG – Free Report) 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.
Get Our Latest Stock Analysis on Torex Gold Resources
Torex Gold Resources Trading Up 1.3 %
Torex Gold Resources (TSE:TXG – Get Free Report) 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.
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