Torex Gold Resources (TSE:TXG – Get Free Report) had its target price boosted by National Bankshares from C$25.00 to C$25.25 in a report issued on Friday, BayStreet.CA reports. National Bankshares’ target price indicates a potential upside of 23.11% from the company’s previous close.
Separately, CIBC increased their target price on Torex Gold Resources from C$21.00 to C$23.00 in a research note on Monday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$24.68.
View Our Latest Stock Analysis on Torex Gold Resources
Torex Gold Resources Price Performance
Torex Gold Resources (TSE:TXG – Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$0.77 earnings per share for the quarter, missing the consensus estimate 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 net margin of 23.16% and a return on equity of 14.68%. On average, equities analysts predict that Torex Gold Resources will post 2.0050352 EPS for the current fiscal year.
Insider Activity
In other news, Director Rodrigo Sandoval Navarro purchased 5,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was acquired at an average cost of C$9.97 per share, for a total transaction of C$49,843.00. Insiders have bought 7,715 shares of company stock valued at $78,078 in the last ninety days. 0.22% of the stock is currently owned by company insiders.
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.
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