CIBC Raises Torex Gold Resources (TSE:TXG) Price Target 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 report issued on Monday morning, BayStreet.CA reports.

Torex Gold Resources Trading Up 0.6 %

Shares of Torex Gold Resources stock opened at C$19.88 on Monday. 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 has a market capitalization of C$1.71 billion, a P/E ratio of 6.25, a P/E/G ratio of 0.02 and a beta of 1.18. The business has a 50 day moving average price of C$17.19 and a 200 day moving average price of C$15.12.

Torex Gold Resources (TSE:TXG) last released its earnings results on Wednesday, February 21st. The company reported C$0.77 EPS for the quarter, missing the consensus estimate of C$0.98 by C($0.21). The firm 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%. Sell-side analysts anticipate that Torex Gold Resources will post 2.0050352 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Rodrigo Sandoval Navarro acquired 5,000 shares of the stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of C$9.97 per share, with a total value of C$49,843.00. In the last three months, insiders bought 7,715 shares of company stock valued at $78,078. Company insiders own 0.22% of the company’s stock.

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.