Torex Gold Resources (TSE:TXG) Price Target Increased to C$23.00 by Analysts at CIBC

Torex Gold Resources (TSE:TXG) had its price objective lifted by CIBC from C$21.00 to C$23.00 in a research report released on Monday, BayStreet.CA reports.

Torex Gold Resources Stock Down 0.6 %

Shares of TXG opened at C$19.54 on Monday. The company has a 50-day simple moving average of C$16.82 and a 200-day simple moving average of C$15.01. The firm has a market capitalization of C$1.68 billion, a P/E ratio of 6.14, a P/E/G ratio of 0.02 and a beta of 1.18. The company has a debt-to-equity ratio of 2.14, a quick ratio of 2.12 and a current ratio of 1.44. Torex Gold Resources has a 52 week low of C$12.40 and a 52 week high of C$25.40.

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

Insider Activity

In other Torex Gold Resources news, Director Rodrigo Sandoval Navarro bought 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average price of C$9.97 per share, with a total value of C$49,843.00. Over the last 90 days, insiders purchased 7,715 shares of company stock valued at $78,078. Insiders own 0.22% of the company’s stock.

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.