Royal Bank of Canada Raises Torex Gold Resources (TSE:TXG) Price Target to C$32.00

Torex Gold Resources (TSE:TXG) had its price target hoisted by Royal Bank of Canada from C$30.00 to C$32.00 in a research note released on Tuesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

TXG has been the topic of a number of other reports. National Bankshares boosted their price target on shares of Torex Gold Resources from C$27.00 to C$27.50 and gave the stock a sector perform rating in a research report on Monday, June 10th. CIBC boosted their target price on Torex Gold Resources from C$23.00 to C$26.00 in a report on Wednesday, July 10th. Scotiabank raised Torex Gold Resources from a sector perform rating to an outperform rating and increased their price target for the company from C$26.00 to C$27.00 in a report on Monday, August 19th. Raymond James set a C$27.00 price objective on Torex Gold Resources and gave the stock an outperform rating in a research note on Friday, June 7th. Finally, TD Securities dropped their target price on Torex Gold Resources from C$34.00 to C$33.00 in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Torex Gold Resources currently has an average rating of Moderate Buy and a consensus price target of C$29.17.

Torex Gold Resources Stock Down 4.3 %

Shares of TXG stock opened at C$23.80 on Tuesday. Torex Gold Resources has a twelve month low of C$12.40 and a twelve month high of C$26.85. The stock has a market cap of C$2.05 billion, a P/E ratio of 14.78, a P/E/G ratio of 0.02 and a beta of 1.33. The stock has a 50 day moving average of C$23.05 and a 200 day moving average of C$20.60. The company has a current ratio of 1.09, a quick ratio of 2.12 and a debt-to-equity ratio of 7.32.

Torex Gold Resources (TSE:TXG) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.82 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.70 by C$0.12. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. The business had revenue of C$369.83 million during the quarter. As a group, sell-side analysts expect that Torex Gold Resources will post 2.688728 EPS for the current year.

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.