Torex Gold Resources (TSE:TXG) Price Target Raised to C$95.00

Torex Gold Resources (TSE:TXG) had its target price increased by equities research analysts at Scotiabank from C$72.00 to C$95.00 in a research report issued on Monday,BayStreet.CA reports. Scotiabank’s price target suggests a potential upside of 17.02% from the company’s current price. Scotiabank also issued estimates for Torex Gold Resources’ FY2025 earnings at $4.77 EPS and FY2026 earnings at $6.51 EPS.

Several other analysts also recently issued reports on the stock. Canaccord Genuity Group increased their price objective on shares of Torex Gold Resources from C$64.00 to C$77.00 in a research report on Thursday, October 2nd. National Bankshares dropped their price target on shares of Torex Gold Resources from C$90.00 to C$85.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 9th. TD Securities lifted their target price on Torex Gold Resources from C$78.00 to C$96.00 in a research report on Thursday. CIBC increased their price target on Torex Gold Resources from C$66.00 to C$90.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, Royal Bank Of Canada lifted their price objective on Torex Gold Resources from C$77.00 to C$94.00 in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$77.10.

Torex Gold Resources Stock Up 1.5%

Shares of TXG traded up C$1.17 during midday trading on Monday, reaching C$81.18. 386,308 shares of the company were exchanged, compared to its average volume of 554,561. Torex Gold Resources has a 1-year low of C$28.97 and a 1-year high of C$84.61. The stock has a 50-day moving average price of C$66.79 and a 200-day moving average price of C$56.98. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. The company has a market cap of C$7.81 billion, a price-to-earnings ratio of 23.88, a P/E/G ratio of 0.02 and a beta of 1.28.

Torex Gold Resources Company Profile

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala. Within this property, the company has two assets: the El Limon-Guajes Mine, an open pit gold deposit located north of the Balsas river, and the Media Luna Project, which is at an advanced stage of exploration.