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

Shares of Torex Gold Resources Inc. (TSE:TXG - Get Free Report) have been given an average recommendation of "Buy" by the five brokerages that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$32.75.

TXG has been the subject of several recent analyst reports. Royal Bank of Canada increased their price target on 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. National Bankshares raised shares of Torex Gold Resources from a "sector perform" rating to an "outperform" rating and raised their target price for the company from C$31.25 to C$37.75 in a research note on Thursday, October 10th. National Bank Financial raised shares of Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. Cormark raised their price objective on shares of Torex Gold Resources from C$30.00 to C$33.00 in a research note on Friday, September 6th. Finally, Scotiabank upped their target price on Torex Gold Resources from C$33.00 to C$37.00 in a research report on Thursday, November 21st.

Torex Gold Resources Stock Performance

TXG traded up C$0.09 during trading on Tuesday, reaching C$28.63. 274,686 shares of the company were exchanged, compared to its average volume of 262,171. The company has a current ratio of 1.09, a quick ratio of 2.12 and a debt-to-equity ratio of 7.32. The stock has a market cap of C$2.46 billion, a P/E ratio of 17.38, a PEG ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a 52 week low of C$12.79 and a 52 week high of C$32.10. The firm has a 50 day moving average of C$28.29 and a 200 day moving average of C$24.31.

Torex Gold Resources (TSE:TXG - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$1.02 earnings per share for the quarter, topping analysts' consensus estimates of C$0.82 by C$0.20. The business had revenue of C$427.96 million for the quarter. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. On average, sell-side analysts forecast 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.