Torex Gold Resources Inc. (TSE:TXG) Receives C$31.86 Average Price Target from Analysts

Torex Gold Resources Inc. (TSE:TXGGet Free Report) has earned an average rating of “Buy” from the six brokerages that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$31.86.

A number of research analysts have recently commented on the stock. Cormark upped their price target on shares of Torex Gold Resources from C$30.00 to C$33.00 in a report on Friday, September 6th. National Bankshares upgraded shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$31.25 to C$37.75 in a report on Thursday, October 10th. National Bank Financial upgraded shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Royal Bank of Canada upped their price target on shares of Torex Gold Resources from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, CIBC increased their target price on shares of Torex Gold Resources from C$23.00 to C$26.00 in a report on Wednesday, July 10th.

Read Our Latest Stock Analysis on TXG

Torex Gold Resources Trading Down 0.1 %

TXG stock opened at C$29.45 on Friday. 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 has a twelve month low of C$12.40 and a twelve month high of C$32.10. The stock has a market capitalization of C$2.53 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The firm’s fifty day simple moving average is C$27.18 and its two-hundred day simple moving average is C$23.32.

Torex Gold Resources (TSE:TXGGet Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.82 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.70 by C$0.12. The business had revenue of C$369.83 million for the quarter. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. As a group, analysts anticipate that Torex Gold Resources will post 3.6254502 earnings per share for the current year.

About Torex Gold Resources

(Get Free Report

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.

Further Reading

Analyst Recommendations for Torex Gold Resources (TSE:TXG)

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