Torex Gold Resources (TSE:TXG) Hits New 1-Year High at $27.00

Torex Gold Resources Inc. (TSE:TXG) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$27.00 and last traded at C$26.79, with a volume of 209135 shares traded. The stock had previously closed at C$25.46.

Analysts Set New Price Targets

TXG has been the subject of several research reports. BMO Capital Markets raised their price objective on shares of Torex Gold Resources from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Scotiabank boosted their price objective on shares of Torex Gold Resources from C$27.00 to C$29.00 in a research report on Friday, September 6th. Raymond James set a C$27.00 target price on Torex Gold Resources and gave the company an “outperform” rating in a research note on Friday, June 7th. Royal Bank of Canada raised their price target on Torex Gold Resources from C$32.00 to C$34.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, National Bankshares upped their target price on shares of Torex Gold Resources from C$27.00 to C$27.50 and gave the company a “sector perform” rating in a research report on Monday, June 10th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$30.17.

Torex Gold Resources Stock Up 5.2 %

The company has a quick ratio of 2.12, a current ratio of 1.09 and a debt-to-equity ratio of 7.32. The company has a market capitalization of C$2.30 billion, a P/E ratio of 15.62, a P/E/G ratio of 0.02 and a beta of 1.35. The firm has a fifty day simple moving average of C$23.74 and a 200-day simple moving average of C$21.49.

Torex Gold Resources (TSE:TXG) last posted its earnings results on Wednesday, August 7th. The company reported C$0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.70 by C$0.12. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. The business had revenue of C$369.83 million during the quarter. On average, equities research analysts expect that Torex Gold Resources Inc. will post 3.2310606 EPS for the current fiscal 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.