Torex Gold Resources Inc. (TSE:TXG – Get Free Report) has received a consensus rating of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$30.17.
A number of analysts recently issued reports on TXG shares. TD Securities dropped their price target on shares of Torex Gold Resources from C$34.00 to C$33.00 in a research note on Friday, August 9th. BMO Capital Markets raised their price target on shares of Torex Gold Resources from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Raymond James set a C$27.00 price objective on shares of Torex Gold Resources and gave the stock an “outperform” rating in a research note on Friday, June 7th. National Bankshares lifted their target price on Torex Gold Resources from C$27.00 to C$27.50 and gave the company a “sector perform” rating in a research note on Monday, June 10th. Finally, CIBC increased their price target on Torex Gold Resources from C$23.00 to C$26.00 in a research report on Wednesday, July 10th.
View Our Latest Stock Analysis on TXG
Torex Gold Resources Price Performance
Torex Gold Resources (TSE:TXG – Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.70 by C$0.12. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. The company had revenue of C$369.83 million during the quarter. On average, equities analysts anticipate that Torex Gold Resources will post 3.2219355 EPS for the current fiscal year.
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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