Torex Gold Resources Inc. (TSE:TXG) Given Average Rating of “Buy” by Analysts

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

Several analysts have issued reports on the company. BMO Capital Markets boosted their price target on Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday, February 20th. CIBC lifted their target price on shares of Torex Gold Resources from C$36.00 to C$42.00 in a research note on Friday, February 21st. Raymond James raised their price target on Torex Gold Resources from C$33.00 to C$34.00 in a report on Tuesday, January 7th. Finally, Royal Bank of Canada increased their target price on Torex Gold Resources from C$34.00 to C$37.00 in a research report on Friday, December 6th.

Torex Gold Resources Stock Up 0.0 %

Shares of Torex Gold Resources stock opened at C$38.40 on Monday. Torex Gold Resources has a 1 year low of C$18.79 and a 1 year high of C$39.47. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12. The firm has a market cap of C$2.33 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 0.02 and a beta of 1.34. The company has a 50-day moving average of C$33.14 and a 200 day moving average of C$29.98.

Insiders Place Their Bets

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

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.