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

Shares of Torex Gold Resources Inc. (TSE:TXG) have been assigned an average rating of “Buy” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$32.75.

A number of equities research analysts have weighed in on the stock. National Bank Financial upgraded shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Cormark lifted their price target on shares of Torex Gold Resources from C$30.00 to C$33.00 in a research note on Friday, September 6th. Scotiabank lifted their price target on shares of Torex Gold Resources from C$33.00 to C$37.00 in a research note on Thursday, November 21st. National Bankshares upgraded shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$31.25 to C$37.75 in a research note on Thursday, October 10th. Finally, Royal Bank of Canada lifted 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 research note on Tuesday, September 10th.

Torex Gold Resources Price Performance

Shares of TXG opened at C$28.54 on Tuesday. The firm has a market cap of C$2.45 billion, a PE ratio of 17.19, a PEG ratio of 0.02 and a beta of 1.34. The firm’s 50 day moving average price is C$28.29 and its 200 day moving average price is C$24.31. The company has a debt-to-equity ratio of 7.32, a quick ratio of 2.12 and a current ratio of 1.09. Torex Gold Resources has a twelve month low of C$12.79 and a twelve month high of C$32.10.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$1.02 EPS for the quarter, beating the consensus estimate of C$0.82 by C$0.20. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. The company had revenue of C$427.96 million for the quarter. As a group, research analysts expect that Torex Gold Resources will post 3.6254502 EPS for the current fiscal year.

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.