Torex Gold Resources Inc. (TSE:TXG) Receives C$45.19 Consensus Target Price from Brokerages

Shares of Torex Gold Resources Inc. (TSE:TXG - Get Free Report) have earned a consensus recommendation of "Buy" from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$45.19.

A number of research firms have recently commented on TXG. Cibc World Mkts raised Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. BMO Capital Markets upped their price objective on Torex Gold Resources from C$36.00 to C$38.00 in a research report on Thursday, February 20th. Desjardins reiterated a "buy" rating on shares of Torex Gold Resources in a research note on Thursday. TD Securities boosted their target price on shares of Torex Gold Resources from C$39.00 to C$57.00 in a research note on Tuesday, April 15th. Finally, Cormark upped their price target on shares of Torex Gold Resources from C$46.00 to C$55.00 in a report on Monday, April 14th.

Torex Gold Resources Trading Down 1.5 %

TSE:TXG traded down C$0.68 during mid-day trading on Friday, hitting C$44.21. 374,826 shares of the stock traded hands, compared to its average volume of 339,476. The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09. Torex Gold Resources has a 52 week low of C$18.79 and a 52 week high of C$49.07. The stock has a market capitalization of C$2.68 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 0.02 and a beta of 1.34. The firm's 50 day moving average is C$37.66 and its two-hundred day moving average is C$32.39.

About Torex Gold Resources

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala.