Canaccord Genuity Group Boosts Torex Gold Resources (TSE:TXG) Price Target to C$28.50

Torex Gold Resources (TSE:TXG) had its price target hoisted by Canaccord Genuity Group from C$26.25 to C$28.50 in a research report report published on Tuesday morning, BayStreet.CA reports.

A number of other research analysts have also recently issued reports on the company. National Bankshares lifted their target price on Torex Gold Resources from C$25.00 to C$25.25 in a research report on Friday, April 19th. CIBC lifted their price objective on Torex Gold Resources from C$21.00 to C$23.00 in a research note on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of C$25.16.

Torex Gold Resources Stock Up 0.1 %

TXG opened at C$19.60 on Tuesday. 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 fifty-two week low of C$12.40 and a fifty-two week high of C$25.40. The company has a market capitalization of C$1.69 billion, a P/E ratio of 6.16, a P/E/G ratio of 0.02 and a beta of 1.18. The stock has a fifty day moving average of C$17.58 and a 200-day moving average of C$15.28.

Torex Gold Resources (TSE:TXG) last issued its quarterly earnings results 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). 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 during the quarter. On average, equities analysts expect that Torex Gold Resources will post 2.0050352 EPS for the current year.

Insider Buying and Selling at Torex Gold Resources

In other Torex Gold Resources news, Director Rodrigo Sandoval Navarro purchased 5,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of C$9.97 per share, with a total value of C$49,843.00. 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.