Torex Gold Resources (TSE:TXG) Raised to “Strong-Buy” at National Bank Financial

National Bank Financial upgraded shares of Torex Gold Resources (TSE:TXG) from a hold rating to a strong-buy rating in a research report released on Wednesday, Zacks.com reports.

TXG has been the subject of several other research reports. National Bankshares upgraded shares of Torex Gold Resources from a sector perform rating to an outperform rating and upped their target price for the company from C$31.25 to C$37.75 in a research report on Thursday. Canaccord Genuity Group upped their target price on shares of Torex Gold Resources from C$30.50 to C$32.00 in a research report on Tuesday, July 23rd. TD Securities decreased their price target on shares of Torex Gold Resources from C$34.00 to C$33.00 in a report on Friday, August 9th. Royal Bank of Canada boosted their price target on shares of 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, Cormark boosted their price target on shares of Torex Gold Resources from C$30.00 to C$33.00 in a report on Friday, September 6th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Torex Gold Resources has an average rating of Buy and an average price target of C$31.31.

Torex Gold Resources Stock Performance

TXG stock opened at C$29.14 on Wednesday. The company has a debt-to-equity ratio of 7.32, a current ratio of 1.09 and a quick ratio of 2.12. The company has a 50 day moving average price of C$25.02 and a 200 day moving average price of C$22.22. Torex Gold Resources has a fifty-two week low of C$12.40 and a fifty-two week high of C$29.97. The stock has a market capitalization of C$2.51 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34.

Torex Gold Resources (TSE:TXG) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.82 earnings per share for the quarter, topping the consensus estimate of C$0.70 by C$0.12. The firm had revenue of C$369.83 million during the quarter. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. Analysts forecast that Torex Gold Resources will post 3.4501992 EPS for the current year.

About Torex Gold Resources

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.