Torex Gold Resources (TSE:TXG) Rating Increased to Moderate Buy at Raymond James

Torex Gold Resources (TSE:TXGGet Free Report) was upgraded by equities research analysts at Raymond James to a “moderate buy” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

TXG has been the topic of a number of other research reports. CIBC lifted their price objective on shares of Torex Gold Resources from C$21.00 to C$23.00 in a research report on Monday, April 15th. Canaccord Genuity Group lifted their price objective on shares of Torex Gold Resources from C$26.25 to C$28.50 in a research report on Tuesday, April 23rd. National Bankshares lifted their price objective on shares of Torex Gold Resources from C$25.50 to C$27.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 14th. Finally, Scotiabank lifted their price objective on shares of Torex Gold Resources from C$23.00 to C$25.00 in a research report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.83.

Read Our Latest Stock Report on Torex Gold Resources

Torex Gold Resources Trading Down 6.3 %

TSE TXG opened at C$21.03 on Thursday. The company has a debt-to-equity ratio of 2.86, a quick ratio of 2.12 and a current ratio of 1.07. The company has a market capitalization of C$1.81 billion, a price-to-earnings ratio of 7.54, a price-to-earnings-growth ratio of 0.02 and a beta of 1.33. The company’s 50-day simple moving average is C$20.23 and its two-hundred day simple moving average is C$16.77. Torex Gold Resources has a one year low of C$12.40 and a one year high of C$22.56.

Torex Gold Resources (TSE:TXGGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported C$0.57 EPS for the quarter, beating analysts’ consensus estimates of C$0.52 by C$0.05. Torex Gold Resources had a net margin of 20.14% and a return on equity of 12.37%. The business had revenue of C$318.84 million for the quarter. Equities analysts forecast that Torex Gold Resources will post 2.5906363 EPS for the current fiscal year.

Torex Gold Resources Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Torex Gold Resources (TSE:TXG)

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