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

Shares of Torex Gold Resources Inc. (TSE:TXG) have been given an average rating of “Buy” by the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$33.69.

Several research analysts have weighed in on TXG shares. National Bankshares upgraded Torex Gold Resources from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$31.25 to C$37.75 in a research note on Thursday, October 10th. CIBC boosted their price objective on shares of Torex Gold Resources from C$33.00 to C$34.50 in a research note on Monday. Royal Bank of Canada raised their target price 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. TD Securities boosted their price target on shares of Torex Gold Resources from C$34.00 to C$38.00 in a research note on Friday, October 18th. Finally, Scotiabank raised their price objective on shares of Torex Gold Resources from C$33.00 to C$37.00 in a research report on Thursday, November 21st.

Torex Gold Resources Stock Down 1.5 %

Shares of TSE:TXG opened at C$29.26 on Tuesday. Torex Gold Resources has a 1-year low of C$12.79 and a 1-year high of C$32.10. The company has a debt-to-equity ratio of 7.32, a current ratio of 1.09 and a quick ratio of 2.12. The stock has a market cap of C$2.52 billion, a P/E ratio of 17.63, a P/E/G ratio of 0.02 and a beta of 1.34. The firm has a fifty day moving average price of C$28.57 and a 200 day moving average price of C$24.60.

Torex Gold Resources (TSE:TXG) last announced its earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share for the quarter, topping 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%. Sell-side 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.