Torex Gold Resources (TSE:TXG) Given New C$89.00 Price Target at National Bank Financial

Torex Gold Resources (TSE:TXG) had its price objective hoisted by stock analysts at National Bank Financial from C$85.00 to C$89.00 in a research report issued to clients and investors on Monday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 28.39% from the company’s current price.

A number of other research analysts have also issued reports on the company. Canadian Imperial Bank of Commerce lowered their target price on Torex Gold Resources from C$100.00 to C$90.00 in a report on Friday, August 7th. Scotiabank cut their price target on shares of Torex Gold Resources from C$105.00 to C$95.00 in a report on Friday, August 7th. Finally, ATB Cormark Capital Markets lowered shares of Torex Gold Resources from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 10th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$90.17.

Torex Gold Resources Price Performance

TXG traded up C$0.97 during trading on Monday, reaching C$69.32. The stock had a trading volume of 309,465 shares, compared to its average volume of 622,454. The firm has a market capitalization of C$6.42 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 0.02 and a beta of 1.96. The company has a quick ratio of 2.12, a current ratio of 1.38 and a debt-to-equity ratio of 3.86. Torex Gold Resources has a 1-year low of C$51.40 and a 1-year high of C$85.00. The stock has a 50 day moving average of C$62.64 and a two-hundred day moving average of C$62.19.

Torex Gold Resources (TSE:TXG) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$1.28 earnings per share (EPS) for the quarter. Torex Gold Resources had a return on equity of 25.62% and a net margin of 33.02%.The company had revenue of C$578.12 million for the quarter. As a group, equities analysts anticipate that Torex Gold Resources will post 3.6254502 EPS for the current fiscal year.

Torex Gold Resources Company Profile

Torex Gold Resources Inc is a Canadian mining company engaged in the exploration, development, and production of gold, copper, and silver from its flagship Morelos Complex in Guerrero, which is currently Mexico’s largest single gold producer.