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

Shares of Torex Gold Resources Inc. (TSE:TXG) have received a consensus recommendation of “Buy” from the five research firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$34.81.

TXG has been the topic of several recent research reports. Raymond James lifted their target price on shares of Torex Gold Resources from C$33.00 to C$34.00 in a research report on Tuesday, January 7th. National Bankshares raised 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 note on Thursday, October 10th. TD Securities raised their target price on Torex Gold Resources from C$34.00 to C$38.00 in a research report on Friday, October 18th. Scotiabank upped their price target on Torex Gold Resources from C$33.00 to C$37.00 in a research report on Thursday, November 21st. Finally, Royal Bank of Canada raised their price objective 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 1.5 %

Shares of TSE:TXG opened at C$28.92 on Wednesday. Torex Gold Resources has a 52-week low of C$12.79 and a 52-week high of C$32.75. The company has a market capitalization of C$2.49 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. 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 company has a fifty day moving average of C$28.78 and a 200-day moving average of C$26.18.

Torex Gold Resources (TSE:TXG) last posted its earnings results on Wednesday, November 6th. The company reported C$1.02 EPS for the quarter, beating the consensus estimate of C$0.82 by C$0.20. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. The firm had revenue of C$427.96 million during the quarter. On average, equities analysts predict that Torex Gold Resources will post 3.6254502 EPS 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.