Torex Gold Resources Inc. (TSE:TXG) Receives C$36.53 Consensus Target Price from Analysts

Shares of Torex Gold Resources Inc. (TSE:TXG) have been assigned an average rating of “Buy” from the five ratings firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$36.53.

A number of equities analysts recently weighed in on TXG shares. CIBC upped their price target on Torex Gold Resources from C$36.00 to C$42.00 in a report on Friday, February 21st. Royal Bank of Canada upped their target price on Torex Gold Resources from C$34.00 to C$37.00 in a research note on Friday, December 6th. Raymond James increased their target price on Torex Gold Resources from C$33.00 to C$34.00 in a research report on Tuesday, January 7th. BMO Capital Markets boosted their price target on shares of Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday, February 20th. Finally, Scotiabank lifted their target price on shares of Torex Gold Resources from C$33.00 to C$37.00 in a research report on Thursday, November 21st.

Torex Gold Resources Trading Down 5.1 %

Shares of TSE:TXG opened at C$30.83 on Thursday. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. Torex Gold Resources has a 12-month low of C$17.00 and a 12-month high of C$35.89. The business has a 50 day moving average of C$30.91 and a two-hundred day moving average of C$28.89. The company has a market capitalization of C$1.87 billion, a PE ratio of 16.58, a PEG ratio of 0.02 and a beta of 1.34.

Insider Activity

In related news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total transaction of C$162,898.31. Also, Director Caroline Donally acquired 1,000 shares of Torex Gold Resources stock in a transaction that occurred on Monday, January 20th. The stock was bought at an average price of C$27.91 per share, for a total transaction of C$27,908.00. Corporate insiders own 0.35% of the company’s stock.

Torex Gold Resources Company Profile

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.