Torex Gold Resources (TSE:TXG) Price Target Raised to C$89.00 at National Bank Financial

Torex Gold Resources (TSE:TXG) had its price objective increased by equities research analysts at National Bank Financial from C$85.00 to C$89.00 in a research report issued to clients and investors on Monday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 28.39% from the stock’s previous close.

A number of other analysts have also issued reports on TXG. Canadian Imperial Bank of Commerce reduced their price target on shares of Torex Gold Resources from C$100.00 to C$90.00 in a research report on Friday, August 7th. ATB Cormark Capital Markets downgraded shares of Torex Gold Resources from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Scotiabank dropped their price objective on shares of Torex Gold Resources from C$105.00 to C$95.00 in a research note on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$90.17.

Torex Gold Resources Stock Up 1.4%

Shares of TXG stock traded up C$0.97 on Monday, reaching C$69.32. 309,465 shares of the company’s stock traded hands, compared to its average volume of 622,454. Torex Gold Resources has a 12-month low of C$51.40 and a 12-month high of C$85.00. The company has a debt-to-equity ratio of 3.86, a quick ratio of 2.12 and a current ratio of 1.38. The company has a market capitalization of C$6.42 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 0.02 and a beta of 1.96. The business’s 50 day moving average price is C$62.64 and its two-hundred day moving average price is C$62.19.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$1.28 earnings per share (EPS) for the quarter. Torex Gold Resources had a return on equity of 25.62% and a net margin of 33.02%.The firm had revenue of C$578.12 million during the quarter. On average, equities analysts forecast that Torex Gold Resources will post 3.6254502 earnings per share for the current year.

About Torex Gold Resources

Torex Gold Resources Inc is a Canadian mining company engaged in the exploration, development, and production of gold, copper, and silver from its flagship Morelos Complex in Guerrero, which is currently Mexico’s largest single gold producer.