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

Shares of Torex Gold Resources Inc. (TSE:TXG) have earned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$25.75.

Several equities research analysts have recently weighed in on the company. Scotiabank increased their price target on Torex Gold Resources from C$23.00 to C$25.00 in a research note on Thursday, May 23rd. Canaccord Genuity Group increased their price target on Torex Gold Resources from C$26.25 to C$28.50 in a research note on Tuesday, April 23rd. Raymond James set a C$27.00 price target on Torex Gold Resources and gave the company an “outperform” rating in a research note on Friday, June 7th. CIBC increased their price target on Torex Gold Resources from C$21.00 to C$23.00 in a research note on Monday, April 15th. Finally, National Bankshares increased their price target on Torex Gold Resources from C$27.00 to C$27.50 and gave the company a “sector perform” rating in a research note on Monday, June 10th.

Torex Gold Resources Price Performance

Shares of TXG opened at C$21.20 on Friday. Torex Gold Resources has a 12-month low of C$12.40 and a 12-month high of C$22.56. The business has a 50-day simple moving average of C$20.59 and a two-hundred day simple moving average of C$17.54. The company has a quick ratio of 2.12, a current ratio of 1.07 and a debt-to-equity ratio of 2.86. The stock has a market cap of C$1.82 billion, a PE ratio of 7.60, a PEG ratio of 0.02 and a beta of 1.33.

Torex Gold Resources (TSE:TXG) last issued its earnings results on Wednesday, May 8th. The company reported C$0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.52 by C$0.05. Torex Gold Resources had a return on equity of 12.37% and a net margin of 20.14%. The business had revenue of C$318.84 million during the quarter. Analysts anticipate that Torex Gold Resources will post 2.5906363 earnings per share for the current fiscal 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.