Torex Gold Resources (TSE:TXG – Get Free Report) The price target was cut by equity analysts at TD Securities in a note to investors on Friday from CAD 34.00 to CAD 33.00, BayStreet.CA reports. TD Securities’ price target suggests a potential upside of 52.78% from the company’s current price.
A number of other equities analysts have also recently commented on the stock. Raymond James set a price target of C$27.00 on Torex Gold Resources shares and gave the company an “outperform” rating in a research report on Friday, June 7th. Canaccord Genuity Group increased their price target on Torex Gold Resources shares from C$30.50 to C$32.00 in a research report on Tuesday, July 23rd. CIBC increased their price target on Torex Gold Resources shares from C$23.00 to C$26.00 in a research report on Wednesday, July 10th. National Bankshares increased their price target on Torex Gold Resources shares from C$27.00 to C$27.50 and gave the company a “sector perform” rating in a research report on Monday, June 10th. Finally, Scotiabank increased their price target on shares of Torex Gold Resources from C$23.00 to C$25.00 in a report on Thursday, May 23. Two investment analysts have rated the stock with a “hold” rating and three have given a “buy” rating. The company has a consensus rating of “moderate buy” and an average price target of C$26.94, according to data from MarketBeat.com.
Check out our latest analysis on Torex Gold Resources
Price development of Torex Gold Resources shares
TSE:TXG opened at C$21.60 on Friday. The company has a 50-day moving average of C$21.44 and a 200-day moving average of C$19.06. The company has a market cap of C$1.86 billion, a price-to-earnings ratio of 7.74, a price-to-earnings-growth ratio of 0.02 and a beta of 1.33. The company has a quick ratio of 2.12, a current ratio of 1.07 and a debt-to-equity ratio of 2.86. Torex Gold Resources has a 52-week low of C$12.40 and a 52-week high of C$23.56.
Torex Gold Resources (TSE:TXG – Free Report) released its latest earnings results on Wednesday, May 8. The company reported earnings per share of C$0.57 for the quarter, beating analysts’ consensus estimates of C$0.52 by C$0.05. The company posted 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%. Overall, equities analysts expect Torex Gold Resources to post earnings per share of C$2.5906363 for the current fiscal year.
About Torex Gold Resources
(Get free report)
Torex Gold Resources Inc. is a mid-sized gold producer in Mexico. The Company primarily holds a 100% interest in the Morelos gold property, including the Morelos Complex, which includes the El Limón Guajes mining complex, the Media Luna project, a processing plant and associated infrastructure covering an area of 29,000 hectares southwest of Mexico City.
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