Torex Gold Resources (TSE:TXG) Raised to “Strong-Buy” at National Bank Financial

National Bank Financial upgraded shares of Torex Gold Resources (TSE:TXGFree Report) from a hold rating to a strong-buy rating in a research report released on Wednesday, Zacks.com reports.

TXG has been the subject of several other research reports. National Bankshares upgraded shares of Torex Gold Resources from a sector perform rating to an outperform rating and upped their target price for the company from C$31.25 to C$37.75 in a research report on Thursday. Canaccord Genuity Group upped their target price on shares of Torex Gold Resources from C$30.50 to C$32.00 in a research report on Tuesday, July 23rd. TD Securities decreased their price target on shares of Torex Gold Resources from C$34.00 to C$33.00 in a report on Friday, August 9th. Royal Bank of Canada boosted their price target on shares of Torex Gold Resources from C$32.00 to C$34.00 and gave the company an outperform rating in a report on Tuesday, September 10th. Finally, Cormark boosted their price target on shares of Torex Gold Resources from C$30.00 to C$33.00 in a report on Friday, September 6th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Torex Gold Resources has an average rating of Buy and an average price target of C$31.31.

Check Out Our Latest Report on Torex Gold Resources

Torex Gold Resources Stock Performance

TXG stock opened at C$29.14 on Wednesday. The company has a debt-to-equity ratio of 7.32, a current ratio of 1.09 and a quick ratio of 2.12. The company has a 50 day moving average price of C$25.02 and a 200 day moving average price of C$22.22. Torex Gold Resources has a fifty-two week low of C$12.40 and a fifty-two week high of C$29.97. The stock has a market capitalization of C$2.51 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34.

Torex Gold Resources (TSE:TXGGet Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.82 earnings per share for the quarter, topping the consensus estimate of C$0.70 by C$0.12. The firm had revenue of C$369.83 million during the quarter. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. Analysts forecast that Torex Gold Resources will post 3.4501992 EPS for the current year.

About Torex Gold Resources

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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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