Torex Gold Resources (TSE:TXG) Price Target Raised to C$23.00

Torex Gold Resources (TSE:TXG) had its price target boosted by CIBC from C$21.00 to C$23.00 in a research note published on Monday, BayStreet.CA reports.

Torex Gold Resources Stock Performance

TSE:TXG opened at C$19.76 on Monday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 2.12 and a current ratio of 1.44. The company has a fifty day moving average of C$17.07 and a two-hundred day moving average of C$15.08. The stock has a market capitalization of C$1.70 billion, a PE ratio of 6.21, a P/E/G ratio of 0.02 and a beta of 1.18. Torex Gold Resources has a fifty-two week low of C$12.40 and a fifty-two week high of C$25.40.

Torex Gold Resources (TSE:TXG) last issued its earnings results on Wednesday, February 21st. The company reported C$0.77 EPS for the quarter, missing analysts’ consensus estimates of C$0.98 by C($0.21). The business had revenue of C$384.49 million during the quarter. Torex Gold Resources had a net margin of 23.16% and a return on equity of 14.68%. As a group, research analysts forecast that Torex Gold Resources will post 2.0050352 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Rodrigo Sandoval Navarro acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average price of C$9.97 per share, with a total value of C$49,843.00. Insiders acquired 7,715 shares of company stock worth $78,078 over the last three months. Insiders own 0.22% of the company’s stock.

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.