1 week Ago By ABMN Staff
Torex Gold Resources ( TSE:TXG – Get Free Report ) had its price objective upped by Scotiabank from C$27.00 to C$29.00 in a note issued to investors on Friday, BayStreet.
CA reports. Scotiabank’s price objective suggests a potential upside of 21.85% from the company’s current price.
Several other research analysts have also recently issued reports on the stock. Raymond James set a C$27.00 target price on shares of Torex Gold Resources and gave the company an “outperform” rating in a report on Friday, June 7th.
CIBC increased their price objective on Torex Gold Resources from C$23.00 to C$26.00 in a report on Wednesday, July 10th.
Canaccord Genuity Group lifted their target price on shares of Torex Gold Resources from C$30.50 to C$32.00 in a report on Tuesday, July 23rd.
National Bankshares increased their price target on shares of Torex Gold Resources from C$27.00 to C$27.50 and gave the stock a “sector perform” rating in a research note on Monday, June 10th.
Finally, Royal Bank of Canada lifted their price objective on shares of Torex Gold Resources from C$30.00 to C$32.00 and gave the company an “outperform” rating in a research note on Tuesday, September 3rd.
One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Torex Gold Resources presently has an average rating of “Moderate Buy” and a consensus price target of C$29.17.
Read Our Latest Research Report on Torex Gold Resources Torex Gold Resources Stock Performance Torex Gold Resources ( TSE:TXG – Get Free Report ) last posted its earnings results on Wednesday, August 7th. The company reported C$0.82 earnings per share for the quarter, topping the consensus estimate of C$0.
70 by C$0.12. The firm had revenue of C$369.
83 million during the quarter. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.
16%. On average, sell-side analysts anticipate that Torex Gold Resources will post 2.688728 earnings per share for the current fiscal year.
Torex Gold Resources Company Profile ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Torex Gold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Torex Gold Resources and related companies with MarketBeat.
com's FREE daily email newsletter ..
