Torex Gold Resources (TSE:TXG) Upgraded at Raymond James

Torex Gold Resources (TSE:TXGGet Free Report) was upgraded by analysts at Raymond James to a “moderate buy” rating in a report released on Thursday, reports.

TXG has been the topic of several other research reports. CIBC lifted their price target on Torex Gold Resources from C$21.00 to C$23.00 in a research note on Monday, April 15th. National Bankshares boosted their target price on Torex Gold Resources from C$25.50 to C$27.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 14th. Canaccord Genuity Group raised their price target on shares of Torex Gold Resources from C$26.25 to C$28.50 in a research note on Tuesday, April 23rd. Finally, Scotiabank boosted 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from, Torex Gold Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.83.

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Torex Gold Resources Stock Performance

Torex Gold Resources stock opened at C$21.03 on Thursday. Torex Gold Resources has a 1 year low of C$12.40 and a 1 year high of C$22.56. The company’s 50-day moving average is C$20.23 and its two-hundred day moving average is C$16.77. The company has a current ratio of 1.07, a quick ratio of 2.12 and a debt-to-equity ratio of 2.86. The company has a market cap of C$1.81 billion, a PE ratio of 7.54, a PEG ratio of 0.02 and a beta of 1.33.

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

Torex Gold Resources Company Profile

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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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Analyst Recommendations for Torex Gold Resources (TSE:TXG)

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