Torex Gold Resources (TSE:TXG) Share Price Crosses Above 200 Day Moving Average of $17.91

Torex Gold Resources Inc. (TSE:TXG – Get Rating) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$17.91 and traded as high as C$20.90. Torex Gold Resources shares last traded at C$19.88, with a volume of 267,809 shares trading hands.

Wall Street Analyst Weigh In

TXG has been the topic of several analyst reports. Cormark lifted their target price on shares of Torex Gold Resources from C$20.00 to C$25.00 in a report on Thursday, March 30th. CIBC upped their price target on shares of Torex Gold Resources from C$18.50 to C$20.00 in a report on Tuesday, February 7th. National Bankshares reduced their price target on shares of Torex Gold Resources from C$26.00 to C$25.50 and set a “sector perform” rating on the stock in a report on Tuesday, May 16th. Finally, Canaccord Genuity Group reduced their price target on shares of Torex Gold Resources from C$25.00 to C$24.00 in a report on Friday, February 24th.

Torex Gold Resources Trading Up 2.6 %

The business’s 50-day moving average price is C$22.02 and its two-hundred day moving average price is C$17.92. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.54 and a quick ratio of 2.12. The firm has a market cap of C$1.72 billion, a price-to-earnings ratio of 5.86, a price-to-earnings-growth ratio of 0.02 and a beta of 0.88.

Torex Gold Resources (TSE:TXG – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The company reported C$0.60 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.55 by C$0.05. The business had revenue of C$293.94 million during the quarter. Torex Gold Resources had a net margin of 24.39% and a return on equity of 17.36%. Equities analysts expect that Torex Gold Resources Inc. will post 2.1874323 earnings per share for the current year.

Torex Gold Resources Company Profile

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Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property that covers an area of 29,000 hectares located southwest of Mexico City. The company's principal assets include the El Limón Guajes mining complex comprising the El Limón Guajes open pits, the El Limón Guajes underground mine, and the processing plant and related infrastructure, and the Media Luna deposit, which is an advanced stage development project.