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

Shares of Torex Gold Resources Inc. (TSE:TXG) have earned a consensus rating of “Buy” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$32.75.

A number of equities research analysts have recently weighed in on the stock. Scotiabank raised their price objective on shares of Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. BMO Capital Markets raised their price objective on shares of Torex Gold Resources from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. TD Securities raised their price objective on shares of Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. Royal Bank of Canada raised their price objective on shares of Torex Gold Resources from C$32.00 to C$34.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, National Bankshares upgraded shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$31.25 to C$37.75 in a report on Thursday, October 10th.

Torex Gold Resources Stock Performance

TSE:TXG opened at C$28.54 on Tuesday. 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 stock has a market capitalization of C$2.45 billion, a P/E ratio of 17.19, a PEG ratio of 0.02 and a beta of 1.34. The company has a 50 day moving average price of C$28.29 and a 200 day moving average price of C$24.31. Torex Gold Resources has a fifty-two week low of C$12.79 and a fifty-two week high of C$32.10.

Torex Gold Resources (TSE:TXG) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$1.02 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.20. The firm had revenue of C$427.96 million during the quarter. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. Equities research analysts forecast that Torex Gold Resources will post 3.6254502 EPS 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.