Torex Gold Resources Inc. (TSE:TXG) Receives Average Recommendation of “Buy” from Analysts

Shares of Torex Gold Resources Inc. (TSE:TXG) have been assigned an average recommendation of “Buy” from the five ratings firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$34.81.

A number of equities research analysts have commented on the company. TD Securities raised their target price on Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. Scotiabank raised their price objective on shares of Torex Gold Resources from C$33.00 to C$37.00 in a research note on Thursday, November 21st. National Bank Financial upgraded shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Raymond James upped their price target on Torex Gold Resources from C$33.00 to C$34.00 in a report on Tuesday, January 7th. Finally, National Bankshares upgraded shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$31.25 to C$37.75 in a research report on Thursday, October 10th.

Torex Gold Resources Stock Performance

Shares of TXG stock opened at C$27.97 on Wednesday. Torex Gold Resources has a 1 year low of C$12.79 and a 1 year high of C$32.75. The company has a debt-to-equity ratio of 7.32, a quick ratio of 2.12 and a current ratio of 1.09. The firm has a market cap of C$2.40 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 0.02 and a beta of 1.34. The stock’s 50-day moving average is C$28.69 and its two-hundred day moving average is C$26.43.

Torex Gold Resources (TSE:TXG) last announced its earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.20. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. The business had revenue of C$427.96 million for the quarter. Analysts predict that Torex Gold Resources will post 3.6254502 earnings per share for the current year.

About Torex Gold Resources

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.