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

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

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

Torex Gold Resources Price Performance

Shares of TSE TXG opened at C$32.68 on Thursday. The company’s fifty day moving average is C$30.66 and its two-hundred day moving average is C$28.63. The firm has a market capitalization of C$1.98 billion, a P/E ratio of 17.57, a PEG ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a one year low of C$16.96 and a one year high of C$35.89. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00.

Insider Transactions at Torex Gold Resources

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