Torex Gold Resources (TSE:TXG) had its price target boosted by Royal Bank of Canada from C$16.00 to C$17.00 in a research note released on Friday. Royal Bank of Canada currently has an outperform rating on the stock.

TXG has been the topic of a number of other research reports. Eight Capital increased their price target on Torex Gold Resources from C$15.50 to C$16.00 in a research report on Thursday, October 4th. Desjardins reaffirmed a buy rating and issued a C$20.00 price target on shares of Torex Gold Resources in a research report on Monday, January 7th. Finally, Cormark increased their price target on Torex Gold Resources from C$17.50 to C$19.50 in a research report on Friday.

TXG stock traded up C$0.16 during mid-day trading on Friday, reaching C$13.66. The company had a trading volume of 365,700 shares, compared to its average volume of 293,849. The company has a quick ratio of 0.88, a current ratio of 1.32 and a debt-to-equity ratio of 45.79. Torex Gold Resources has a fifty-two week low of C$7.29 and a fifty-two week high of C$14.58.

Torex Gold Resources (TSE:TXG) last posted its quarterly earnings results on Thursday, November 8th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.03). The business had revenue of C$165.19 million during the quarter. On average, equities research analysts predict that Torex Gold Resources will post 0.72 EPS for the current fiscal year.

In other news, Director Terry Macgibbon sold 7,200 shares of the stock in a transaction dated Monday, October 15th. The stock was sold at an average price of C$13.27, for a total value of C$95,544.00. In the last quarter, insiders sold 32,200 shares of company stock worth $421,644.

Torex Gold Resources Company Profile

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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