Torex Gold Resources (TSE:TXG) Upgraded at National Bankshares

National Bankshares upgraded shares of Torex Gold Resources (TSE:TXG) from a sector perform rating to an outperform rating in a research report released on Thursday morning, BayStreet.CA reports. They currently have C$37.75 price objective on the stock, up from their prior price objective of C$31.25.

Several other analysts have also recently weighed in on the stock. TD Securities reduced their price objective on shares of Torex Gold Resources from C$34.00 to C$33.00 in a research note on Friday, August 9th. Scotiabank upped their price target on shares of Torex Gold Resources from C$27.00 to C$29.00 in a research report on Friday, September 6th. CIBC upped their price target on shares of Torex Gold Resources from C$23.00 to C$26.00 in a research report on Wednesday, July 10th. Royal Bank of Canada increased their price objective on shares of Torex Gold Resources from C$32.00 to C$34.00 and gave the stock an outperform rating in a research report on Tuesday, September 10th. Finally, BMO Capital Markets increased their price objective on shares of Torex Gold Resources from C$29.00 to C$30.00 and gave the stock an outperform rating in a research report on Tuesday, September 10th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Torex Gold Resources currently has a consensus rating of Buy and an average target price of C$31.31.

Torex Gold Resources Stock Up 0.4 %

Shares of TXG opened at C$29.14 on Thursday. Torex Gold Resources has a one year low of C$12.40 and a one year high of C$29.97. The company has a market cap of C$2.51 billion, a P/E ratio of 17.99, a P/E/G ratio of 0.02 and a beta of 1.34. 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 firm has a 50 day simple moving average of C$25.02 and a two-hundred day simple moving average of C$22.22.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.70 by C$0.12. The company 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%. Research analysts forecast that Torex Gold Resources will post 3.4501992 EPS 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.