Torex Gold Resources (TSE:TXG) Stock Rating Upgraded by ATB Cormark Capital Markets

Torex Gold Resources (TSE:TXG) was upgraded by analysts at ATB Cormark Capital Markets from a “hold” rating to a “moderate buy” rating in a research note issued on Monday, Zacks reports.

TXG has been the topic of several other research reports. Canadian Imperial Bank of Commerce dropped their price objective on Torex Gold Resources from C$100.00 to C$90.00 in a research note on Friday, August 7th. Scotiabank decreased their target price on Torex Gold Resources from C$105.00 to C$95.00 in a report on Friday, August 7th. Finally, National Bank Financial increased their price target on Torex Gold Resources from C$85.00 to C$89.00 and gave the company an “outperform” rating in a research note on Monday, September 21st. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$90.17.

Torex Gold Resources Trading Up 3.0%

TSE TXG opened at C$69.68 on Monday. The company has a market cap of C$6.45 billion, a PE ratio of 10.70, a PEG ratio of 0.02 and a beta of 1.96. The company has a current ratio of 1.38, a quick ratio of 2.12 and a debt-to-equity ratio of 3.86. Torex Gold Resources has a 12 month low of C$51.40 and a 12 month high of C$85.00. The stock has a 50 day moving average of C$64.86 and a 200-day moving average of C$61.94.

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

Torex Gold Resources Company Profile

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.