Brokerages Set Torex Gold Resources Inc. (TSE:TXG) Price Target at C$34.81

Shares of Torex Gold Resources Inc. (TSE:TXG - Get Free Report) have received a consensus rating of "Buy" from the five analysts that are presently covering the stock, Marketbeat 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 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$34.81.

Several equities research analysts have weighed in on TXG shares. Raymond James upped their price target on Torex Gold Resources from C$33.00 to C$34.00 in a report on Tuesday, January 7th. Scotiabank upped their target price on shares of Torex Gold Resources from C$33.00 to C$37.00 in a research note on Thursday, November 21st. Royal Bank of Canada lifted their price target on shares of Torex Gold Resources from C$34.00 to C$37.00 in a research note on Friday, December 6th. TD Securities boosted their target price on shares of Torex Gold Resources from C$34.00 to C$38.00 in a research note on Friday, October 18th. Finally, CIBC increased their target price on Torex Gold Resources from C$33.00 to C$34.50 in a report on Monday, December 2nd.

Insider Activity at Torex Gold Resources

In other news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the firm's 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 purchased 1,000 shares of the business's stock in a transaction that occurred on Monday, January 20th. The shares were purchased at an average cost of C$27.91 per share, with a total value of C$27,908.00. Insiders acquired a total of 2,000 shares of company stock worth $55,927 in the last 90 days. 0.35% of the stock is owned by insiders.

Torex Gold Resources Stock Up 2.7 %

Shares of TSE:TXG traded up C$0.90 during trading on Friday, hitting C$34.20. The company's stock had a trading volume of 202,738 shares, compared to its average volume of 248,557. Torex Gold Resources has a fifty-two week low of C$12.79 and a fifty-two week high of C$34.39. The business has a 50 day moving average price of C$29.24 and a two-hundred day moving average price of C$27.35. The company has a debt-to-equity ratio of 7.32, a quick ratio of 2.12 and a current ratio of 1.09. The company has a market capitalization of C$2.94 billion, a PE ratio of 20.60, a P/E/G ratio of 0.02 and a beta of 1.34.

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.