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

Torex Gold Resources Inc. (TSE:TXG - Get Free Report) has earned an average rating of "Buy" from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$34.81.

Several equities research analysts have recently commented on the company. TD Securities increased their price objective on Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. CIBC upped their price target on shares of Torex Gold Resources from C$33.00 to C$34.50 in a research report on Monday, December 2nd. Raymond James lifted 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. National Bank Financial raised shares of Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 9th. Finally, National Bankshares upgraded 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 report on Thursday, October 10th.

Torex Gold Resources Stock Down 0.3 %

TSE:TXG traded down C$0.10 on Wednesday, hitting C$28.82. 349,657 shares of the company's stock were exchanged, compared to its average volume of 217,187. The firm has a 50-day moving average price of C$28.77 and a 200-day moving average price of C$26.20. Torex Gold Resources has a 52 week low of C$12.79 and a 52 week high of C$32.75. 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 company has a market cap of C$2.48 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34.

Torex Gold Resources (TSE:TXG - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping 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 business had revenue of C$427.96 million for the quarter. As a group, 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.