Torex Gold Resources (TXG) Stock Price Up 15.7%

Torex Gold Resources Inc (TSE:TXG) shares rose 15.7% during trading on Monday . The company traded as high as C$14.58 and last traded at C$13.97. Approximately 877,394 shares were traded during mid-day trading, an increase of 44% from the average daily volume of 608,244 shares. The stock had previously closed at C$12.07.

TXG has been the topic of a number of research analyst reports. TD Securities upgraded shares of Torex Gold Resources from a “hold” rating to a “buy” rating and set a C$24.00 price target on the stock in a report on Wednesday, October 25th. Scotiabank set a C$15.00 price objective on shares of Torex Gold Resources and gave the stock a “sector perform” rating in a research note on Tuesday, January 9th. Clarus Securities reaffirmed a “speculative buy” rating on shares of Torex Gold Resources in a research note on Wednesday, January 17th. Desjardins reaffirmed a “hold” rating on shares of Torex Gold Resources in a research note on Monday, December 11th. Finally, Eight Capital reaffirmed a “buy” rating on shares of Torex Gold Resources in a research note on Thursday, November 16th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$18.67.

The firm has a market capitalization of $963.83, a P/E ratio of 19.47 and a beta of -1.80.

Torex Gold Resources (TSE:TXG) last released its quarterly earnings data on Thursday, November 9th. The company reported C($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.20 by C($0.22). Torex Gold Resources had a return on equity of 2.92% and a net margin of 5.89%.

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Torex Gold Resources Company Profile

Torex Gold Resources Inc is a Canada-based resource company. The Company operates through the segment of mineral exploration and mine development and operation in Mexico. The Company is engaged in the exploration, development and operation of the Morelos Gold Property. The Morelos Gold Property is located in the Guerrero Gold Belt in southern Mexico, approximately 180 kilometers to the southwest of Mexico City and 50 kilometers southwest of Iguala.

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