Brokerages Set Torex Gold Resources Inc. (TSE:TXG) Price Target at C$25.75

Torex Gold Resources Inc. (TSE:TXG) has been assigned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$25.75.

A number of research analysts have recently commented on TXG shares. National Bankshares boosted their target price 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. Canaccord Genuity Group boosted their target price on shares of Torex Gold Resources from C$26.25 to C$28.50 in a research report on Tuesday, April 23rd. Scotiabank upped their price target on shares of Torex Gold Resources from C$23.00 to C$25.00 in a report on Thursday, May 23rd. Raymond James set a C$27.00 price target on shares of Torex Gold Resources and gave the company an “outperform” rating in a report on Friday, June 7th. Finally, CIBC upped their price target on shares of Torex Gold Resources from C$21.00 to C$23.00 in a report on Monday, April 15th.

Torex Gold Resources Price Performance

Torex Gold Resources stock opened at C$21.20 on Friday. The company has a debt-to-equity ratio of 2.86, a quick ratio of 2.12 and a current ratio of 1.07. Torex Gold Resources has a 1 year low of C$12.40 and a 1 year high of C$22.56. The firm has a 50 day moving average price of C$20.62 and a 200 day moving average price of C$17.63. The company has a market cap of C$1.82 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 0.02 and a beta of 1.33.

Torex Gold Resources (TSE:TXG) last released its quarterly earnings data on Wednesday, May 8th. The company reported C$0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.52 by C$0.05. Torex Gold Resources had a net margin of 20.14% and a return on equity of 12.37%. The company had revenue of C$318.84 million during the quarter. Sell-side analysts predict that Torex Gold Resources will post 2.5906363 earnings per share 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.