Torex Gold Resources (TSE:TXG) Reaches New 1-Year High – What’s Next?

Torex Gold Resources Inc. (TSE:TXG) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$33.67 and last traded at C$33.67, with a volume of 51596 shares changing hands. The stock had previously closed at C$32.11.

Analysts Set New Price Targets

TXG has been the topic of a number of recent research reports. Scotiabank increased their target price on Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. Royal Bank of Canada raised their price objective on shares of Torex Gold Resources from C$34.00 to C$37.00 in a research note on Friday, December 6th. National Bankshares upgraded shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$31.25 to C$37.75 in a report on Thursday, October 10th. TD Securities upped their target price on shares of Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. Finally, Raymond James lifted their price target on Torex Gold Resources from C$33.00 to C$34.00 in a research note on Tuesday, January 7th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$34.81.

Torex Gold Resources Trading Up 0.2 %

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 company has a market cap of C$2.85 billion, a PE ratio of 19.97, a PEG ratio of 0.02 and a beta of 1.34. The stock has a 50 day moving average price of C$29.09 and a 200 day moving average price of C$27.16.

Torex Gold Resources (TSE:TXG) last released its earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.20. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. The firm had revenue of C$427.96 million for the quarter. Sell-side analysts predict that Torex Gold Resources Inc. will post 3.6254502 EPS for the current fiscal year.

Insider Transactions at Torex Gold Resources

In other news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total value of C$162,898.31. Also, Director Caroline Donally acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 20th. The shares were acquired at an average cost of C$27.91 per share, for a total transaction of C$27,908.00. Insiders have purchased a total of 2,000 shares of company stock valued at $55,927 in the last ninety days. 0.35% of the stock is currently owned by corporate 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.