Torex Gold Resources (TSE:TXG) PT Raised to C$25.25

Torex Gold Resources (TSE:TXG) had its price target upped by equities research analysts at National Bankshares from C$25.00 to C$25.25 in a research report issued on Friday, BayStreet.CA reports. National Bankshares’ price objective points to a potential upside of 23.11% from the stock’s previous close.

Separately, CIBC upped their price objective on Torex Gold Resources from C$21.00 to C$23.00 in a research note on Monday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$24.68.

Torex Gold Resources Price Performance

Shares of TSE TXG traded up C$0.63 during midday trading on Friday, reaching C$20.51. 141,931 shares of the company were exchanged, compared to its average volume of 260,808. The stock’s 50-day moving average price is C$17.19 and its 200-day moving average price is C$15.12. The stock has a market cap of C$1.76 billion, a P/E ratio of 6.46, a PEG ratio of 0.02 and a beta of 1.18. The company has a quick ratio of 2.12, a current ratio of 1.44 and a debt-to-equity ratio of 2.14. Torex Gold Resources has a one year low of C$12.40 and a one year high of C$25.40.

Torex Gold Resources (TSE:TXG) last released its quarterly earnings data on Wednesday, February 21st. The company reported C$0.77 earnings per share for the quarter, missing the consensus estimate of C$0.98 by C($0.21). Torex Gold Resources had a net margin of 23.16% and a return on equity of 14.68%. The firm had revenue of C$384.49 million for the quarter. On average, sell-side analysts anticipate that Torex Gold Resources will post 2.0050352 earnings per share for the current fiscal year.

Insider Buying and Selling at Torex Gold Resources

In other news, Director Rodrigo Sandoval Navarro purchased 5,000 shares of the stock in a transaction on Monday, February 26th. The stock was purchased at an average price of C$9.97 per share, for a total transaction of C$49,843.00. In the last 90 days, insiders bought 7,715 shares of company stock valued at $78,078. 0.22% of the stock is currently owned by company insiders.

Torex Gold Resources Company Profile

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.