Torex Gold Resources Inc (TSE:TXG) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$16.92 and last traded at C$16.80, with a volume of 178749 shares traded. The stock had previously closed at C$16.50.

A number of equities research analysts have issued reports on TXG shares. Eight Capital upped their target price on Torex Gold Resources from C$18.00 to C$19.75 in a research report on Friday, February 22nd. Cormark upped their target price on Torex Gold Resources from C$17.50 to C$19.50 in a research report on Friday, January 11th. Desjardins reaffirmed a “buy” rating and set a C$20.00 target price on shares of Torex Gold Resources in a research report on Monday, January 7th. Finally, Royal Bank of Canada upped their target price on Torex Gold Resources from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Friday, January 11th.

The firm has a market capitalization of $1.42 billion and a P/E ratio of 63.44. The company has a quick ratio of 0.87, a current ratio of 1.21 and a debt-to-equity ratio of 43.91.

Torex Gold Resources (TSE:TXG) last issued its quarterly earnings results on Thursday, February 21st. The company reported C$0.21 EPS for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.06. The business had revenue of C$172.76 million for the quarter. On average, equities research analysts expect that Torex Gold Resources Inc will post 0.630000045607365 EPS for the current fiscal year.

In other news, Director Terry Macgibbon sold 58,000 shares of the company’s stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of C$14.00, for a total transaction of C$812,000.00. Following the completion of the transaction, the director now directly owns 99,800 shares in the company, valued at C$1,397,200.

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About Torex Gold Resources (TSE:TXG)

Torex Gold Resources Inc engages in the exploration, development, and operation of mineral properties in Mexico. The company explores for gold, silver, copper, and carbon deposits. It holds a 100% interest in the Morelos Gold property comprising the El Limón Guajes mine and the Media Luna deposit that consists of 7 mineral concessions covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.

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