Torex Gold Resources Inc. (TSE:TXG) Receives C$34.03 Consensus Price Target from Brokerages

Torex Gold Resources Inc. (TSE:TXG) has been given an average rating of “Buy” by the five analysts that are covering the firm, MarketBeat reports. Four investment 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 target among analysts that have updated their coverage on the stock in the last year is C$34.03.

Several research analysts have recently weighed in on TXG shares. Royal Bank of Canada boosted their price objective on shares of Torex Gold Resources from C$34.00 to C$37.00 in a research note on Friday, December 6th. TD Securities boosted their price target on Torex Gold Resources from C$34.00 to C$38.00 in a research report on Friday, October 18th. CIBC raised their price objective on Torex Gold Resources from C$33.00 to C$34.50 in a research report on Monday, December 2nd. Cormark lifted their target price on Torex Gold Resources from C$30.00 to C$33.00 in a research note on Friday, September 6th. Finally, National Bankshares upgraded Torex Gold Resources from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$31.25 to C$37.75 in a research note on Thursday, October 10th.

Torex Gold Resources Trading Down 0.2 %

Shares of TSE:TXG opened at C$28.14 on Friday. The firm has a market cap of C$2.42 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a 12 month low of C$12.79 and a 12 month high of C$32.75. The company’s fifty day simple moving average is C$29.27 and its 200 day simple moving average is C$25.41. The company has a quick ratio of 2.12, a current ratio of 1.09 and a debt-to-equity ratio of 7.32.

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