Canaccord Genuity Group Boosts Torex Gold Resources (TSE:TXG) Price Target to C$28.50

Torex Gold Resources (TSE:TXGGet Free Report) had its target price upped by Canaccord Genuity Group from C$26.25 to C$28.50 in a report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target indicates a potential upside of 44.67% from the company’s current price.

TXG has been the subject of a number of other research reports. CIBC lifted their price objective on shares of Torex Gold Resources from C$21.00 to C$23.00 in a report on Monday, April 15th. National Bankshares boosted their price target on Torex Gold Resources from C$25.00 to C$25.25 in a report on Friday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Torex Gold Resources currently has an average rating of “Moderate Buy” and a consensus target price of C$25.16.

Read Our Latest Stock Report on TXG

Torex Gold Resources Price Performance

Shares of TSE TXG traded up C$0.12 during mid-day trading on Tuesday, hitting C$19.70. 163,361 shares of the company’s stock traded hands, compared to its average volume of 261,456. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.44 and a quick ratio of 2.12. Torex Gold Resources has a 1 year low of C$12.40 and a 1 year high of C$25.40. The company’s 50-day moving average is C$17.44 and its two-hundred day moving average is C$15.24. The company has a market capitalization of C$1.69 billion, a P/E ratio of 6.19, a PEG ratio of 0.02 and a beta of 1.18.

Torex Gold Resources (TSE:TXGGet Free Report) last announced 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 company had revenue of C$384.49 million during the quarter. Torex Gold Resources had a return on equity of 14.68% and a net margin of 23.16%. On average, equities analysts anticipate that Torex Gold Resources will post 2.0050352 EPS for the current fiscal year.

Insider Transactions at Torex Gold Resources

In other Torex Gold Resources news, Director Rodrigo Sandoval Navarro bought 5,000 shares of Torex Gold Resources stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average cost of C$9.97 per share, with a total value of C$49,843.00. Insiders own 0.22% of the company’s stock.

About Torex Gold Resources

(Get Free Report)

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.

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