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

Shares of Torex Gold Resources Inc. (TSE:TXG) have been assigned a consensus recommendation of “Buy” from the five ratings firms that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$36.53.

A number of research firms recently issued reports on TXG. BMO Capital Markets increased their target price on shares of Torex Gold Resources from C$36.00 to C$38.00 in a research report on Thursday, February 20th. Raymond James increased their price objective on shares of Torex Gold Resources from C$33.00 to C$34.00 in a research report on Tuesday, January 7th. CIBC lifted their target price on shares of Torex Gold Resources from C$36.00 to C$42.00 in a report on Friday, February 21st. Finally, Royal Bank of Canada boosted their price objective on Torex Gold Resources from C$34.00 to C$37.00 in a research note on Friday, December 6th.

Insiders Place Their Bets

In related news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total value of C$162,898.31. Also, Director Caroline Donally bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, January 20th. The shares were purchased at an average cost of C$27.91 per share, with a total value of C$27,908.00. 0.35% of the stock is owned by corporate insiders.

Torex Gold Resources Trading Up 0.0 %

Shares of TXG opened at C$38.40 on Monday. The stock’s fifty day simple moving average is C$33.14 and its 200 day simple moving average is C$29.98. Torex Gold Resources has a twelve month low of C$18.79 and a twelve month high of C$39.47. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. The firm has a market capitalization of C$2.33 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34.

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.