Torex Gold Resources (TSE:TXG) Given a C$15.00 Price Target at Scotiabank

Torex Gold Resources (TSE:TXG) received a C$15.00 price objective from stock analysts at Scotiabank in a research note issued on Tuesday, January 9th. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 22.95% from the company’s previous close.

Several other equities research analysts have also issued reports on TXG. Royal Bank of Canada lowered their target price on shares of Torex Gold Resources from C$28.00 to C$22.00 and set an “outperform” rating for the company in a report on Monday, December 4th. TD Securities cut their target price on shares of Torex Gold Resources from C$24.00 to C$19.00 and set a “buy” rating on the stock in a research report on Friday, November 10th. BMO Capital Markets set a C$23.00 target price on shares of Torex Gold Resources and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Desjardins reaffirmed a “hold” rating on shares of Torex Gold Resources in a research report on Monday, December 11th. Finally, Clarus Securities cut shares of Torex Gold Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$18.67.

Shares of Torex Gold Resources (TSE TXG) traded down C$0.28 during midday trading on Tuesday, hitting C$12.20. 406,100 shares of the stock were exchanged, compared to its average volume of 604,604. Torex Gold Resources has a 1 year low of C$10.12 and a 1 year high of C$33.85. The stock has a market capitalization of $970.49, a PE ratio of 16.49 and a beta of -1.63.

Torex Gold Resources (TSE:TXG) last released its quarterly earnings data on Thursday, November 9th. The company reported C($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.20 by C($0.22). The business had revenue of C$126.00 million for the quarter. Torex Gold Resources had a net margin of 5.89% and a return on equity of 2.92%.

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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.

Analyst Recommendations for Torex Gold Resources (TSE:TXG)

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