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

Shares of Torex Gold Resources Inc. (TSE:TXG - Get Free Report) have received an average recommendation of "Buy" from the five ratings firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$36.53.

Several research analysts recently weighed in on TXG shares. Royal Bank of Canada upped their price target on Torex Gold Resources from C$34.00 to C$37.00 in a research report on Friday, December 6th. CIBC upped their target price on Torex Gold Resources from C$36.00 to C$42.00 in a report on Friday, February 21st. BMO Capital Markets raised their price target on shares of Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday, February 20th. Finally, Raymond James upped their price objective on shares of Torex Gold Resources from C$33.00 to C$34.00 in a research note on Tuesday, January 7th.

Insider Buying and Selling

In related news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of Torex Gold Resources stock in a transaction on Tuesday, January 21st. The shares were 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 stock in a transaction on Monday, January 20th. The shares were acquired at an average cost of C$27.91 per share, for a total transaction of C$27,908.00. 0.35% of the stock is currently owned by corporate insiders.

Remove Ads

Torex Gold Resources Trading Down 0.2 %

TSE TXG traded down C$0.06 on Monday, hitting C$39.40. 576,614 shares of the stock were exchanged, compared to its average volume of 298,888. The company's 50-day moving average price is C$34.00 and its two-hundred day moving average price is C$30.33. The company has a market capitalization of C$2.39 billion, a price-to-earnings ratio of 21.18, a P/E/G ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a 52-week low of C$18.79 and a 52-week high of C$40.27. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12.

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.