In a report released today, Mark Mihaljevic from RBC Capital maintained a Hold rating on Torex Gold Resources Inc (TORXF), with a price target of C$22.00. The company’s shares closed last Monday at $12.79.
According to TipRanks.com, Mihaljevic is a 3-star analyst with an average return of 2.1% and a 44.4% success rate. Mihaljevic covers the Basic Materials sector, focusing on stocks such as North American Palladium, SilverCrest Metals Inc, and Guyana Goldfields Inc.
Torex Gold Resources Inc has an analyst consensus of Moderate Buy, with a price target consensus of $16.17.
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Based on Torex Gold Resources Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $10 million. In comparison, last year the company had a net profit of $23.9 million.
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Torex Gold Resources, Inc. is a Canadian based resource company, which engages in the exploration and development of precious metal resources with a focus on gold. It holds interest in Morelos gold project. The company was founded on November 13, 1980 and is headquartered in Toronto, Canada.
