Torex Gold Resources (TXG) Sets New 52-Week High at $13.73
Shares of Torex Gold Resources Inc (TSE:TXG) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$13.73 and last traded at C$13.21, with a volume of 151219 shares trading hands. The stock had previously closed at C$12.82.
Several brokerages have issued reports on TXG. Eight Capital upped their price objective on Torex Gold Resources from C$15.50 to C$16.00 in a research note on Thursday, October 4th. TD Securities cut Torex Gold Resources from a “buy” rating to a “hold” rating and cut their price objective for the company from C$17.00 to C$13.00 in a research note on Tuesday, July 24th. Finally, Canaccord Genuity cut their price objective on Torex Gold Resources from C$18.00 to C$15.00 in a research note on Tuesday, July 24th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Torex Gold Resources has an average rating of “Buy” and a consensus target price of C$15.93.
Torex Gold Resources (TSE:TXG) last announced its quarterly earnings data on Thursday, August 9th. The company reported C$0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.19 by C($0.02). The firm had revenue of C$131.39 million for the quarter. Torex Gold Resources had a negative net margin of 61.27% and a negative return on equity of 14.51%.
Torex Gold Resources Company Profile (TSE:TXG)
Torex Gold Resources Inc engages in the exploration, development, and operation of mineral properties. The company explores for gold, silver, and copper deposits. It principally holds a 100% interest in the Morelos Gold property comprising the El Limón Guajes mine and the Media Luna project covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.
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