Torex Gold Resources (TSE:TXG) Stock Passes Above 200 Day Moving Average of $14.64

Torex Gold Resources Inc. (TSE:TXG)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.64 and traded as high as C$14.96. Torex Gold Resources shares last traded at C$14.64, with a volume of 87,238 shares traded.

Several research firms have recently issued reports on TXG. CIBC reissued a “hold” rating and issued a C$22.00 price target on shares of Torex Gold Resources in a research note on Friday, October 8th. Cormark decreased their price target on Torex Gold Resources from C$25.00 to C$24.00 in a research note on Monday, October 11th. National Bankshares reissued a “hold” rating and issued a C$24.00 price target on shares of Torex Gold Resources in a research note on Friday, October 8th. National Bank Financial reissued a “sector perform overweight” rating and issued a C$24.00 price target on shares of Torex Gold Resources in a research note on Thursday, September 16th. Finally, Royal Bank of Canada restated a “hold” rating on shares of Torex Gold Resources in a report on Wednesday, September 8th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$25.14.

The company has a debt-to-equity ratio of 0.35, a current ratio of 2.59 and a quick ratio of 1.68. The firm has a market cap of C$1.25 billion and a price-to-earnings ratio of 4.15. The company has a fifty day moving average price of C$14.22 and a two-hundred day moving average price of C$14.64.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings data on Wednesday, November 3rd. The company reported C$0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.42 by C$0.21. On average, research analysts expect that Torex Gold Resources Inc. will post 1.7466086 earnings per share for the current fiscal year.

Torex Gold Resources Company Profile (TSE:TXG)

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. The company also explores for silver, copper, and carbon deposits. It holds a 100% interest in the Morelos Gold property comprising of seven mineral concessions covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.

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