Torex Gold Resources (TSE:TXG) Shares Pass Above 200-Day Moving Average of $20.40

Torex Gold Resources Inc. (TSE:TXG)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$20.40 and traded as high as C$26.22. Torex Gold Resources shares last traded at C$26.00, with a volume of 232,302 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TXG shares. National Bankshares upped their target price on shares of Torex Gold Resources from C$27.00 to C$27.50 and gave the stock a “sector perform” rating in a research report on Monday, June 10th. CIBC upped their price target on shares of Torex Gold Resources from C$23.00 to C$26.00 in a research note on Wednesday, July 10th. Scotiabank upgraded shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$26.00 to C$27.00 in a research note on Monday, August 19th. Raymond James set a C$27.00 price target on shares of Torex Gold Resources and gave the stock an “outperform” rating in a research note on Friday, June 7th. Finally, Canaccord Genuity Group upped their price target on shares of Torex Gold Resources from C$30.50 to C$32.00 in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Torex Gold Resources presently has an average rating of “Moderate Buy” and an average target price of C$27.19.

Torex Gold Resources Stock Up 0.0 %

The company has a current ratio of 1.09, a quick ratio of 2.12 and a debt-to-equity ratio of 7.32. The firm has a market cap of C$2.24 billion, a P/E ratio of 16.15, a PEG ratio of 0.02 and a beta of 1.33. The company’s 50 day simple moving average is C$22.77 and its 200-day simple moving average is C$20.40.

Torex Gold Resources (TSE:TXG) last posted its earnings results on Wednesday, August 7th. The company reported C$0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.70 by C$0.12. The business had revenue of C$369.83 million for the quarter. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. Research analysts forecast that Torex Gold Resources Inc. will post 2.688728 earnings per share for the current fiscal year.

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.