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

Shares of Torex Gold Resources Inc. (TSE:TXG) have received an average recommendation of “Buy” from the five ratings firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$34.03.

Several equities analysts have recently weighed in on TXG shares. CIBC increased their price objective on shares of Torex Gold Resources from C$33.00 to C$34.50 in a research report on Monday, December 2nd. TD Securities raised their price objective on shares of Torex Gold Resources from C$34.00 to C$38.00 in a research report on Friday, October 18th. Cormark upped their target price on Torex Gold Resources from C$30.00 to C$33.00 in a research report on Friday, September 6th. National Bank Financial upgraded Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Scotiabank boosted their price target on Torex Gold Resources from C$33.00 to C$37.00 in a research note on Thursday, November 21st.

Torex Gold Resources Stock Performance

Shares of TXG stock opened at C$28.09 on Friday. The company has a fifty day moving average price of C$29.22 and a two-hundred day moving average price of C$25.47. Torex Gold Resources has a one year low of C$12.79 and a one year high of C$32.75. The stock has a market cap of C$2.42 billion, a P/E ratio of 16.92, a P/E/G ratio of 0.02 and a beta of 1.34. The company has a debt-to-equity ratio of 7.32, a current ratio of 1.09 and a quick ratio of 2.12.

Torex Gold Resources (TSE:TXG) last issued its earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.82 by C$0.20. The business 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%. As a group, equities analysts predict 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.