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

Torex Gold Resources Inc. (TSE:TXG - Get Free Report) has been given an average recommendation of "Buy" by the six ratings firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$31.86.

TXG has been the subject of a number of research reports. Royal Bank of Canada raised their price objective on shares of Torex Gold Resources from C$32.00 to C$34.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Canaccord Genuity Group boosted their target price on shares of Torex Gold Resources from C$30.50 to C$32.00 in a research note on Tuesday, July 23rd. BMO Capital Markets upped their target price on shares of Torex Gold Resources from C$29.00 to C$30.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. CIBC increased their price target on shares of Torex Gold Resources from C$23.00 to C$26.00 in a research report on Wednesday, July 10th. Finally, TD Securities raised their price objective on shares of Torex Gold Resources from C$34.00 to C$38.00 in a research note on Friday, October 18th.

Torex Gold Resources Stock Up 0.1 %

TXG stock traded up C$0.02 during midday trading on Friday, reaching C$30.05. The company had a trading volume of 277,974 shares, compared to its average volume of 262,211. The company has a market capitalization of C$2.58 billion, a P/E ratio of 18.10, a PEG ratio of 0.02 and a beta of 1.34. The company has a 50 day moving average of C$27.11 and a two-hundred day moving average of C$23.25. The company has a current ratio of 1.09, a quick ratio of 2.12 and a debt-to-equity ratio of 7.32. Torex Gold Resources has a 1 year low of C$12.40 and a 1 year high of C$32.10.

Torex Gold Resources (TSE:TXG - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported C$0.82 earnings per share for the quarter, topping analysts' consensus estimates of C$0.70 by C$0.12. The company had revenue of C$369.83 million during the quarter. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. On average, equities research analysts expect that Torex Gold Resources will post 3.6254502 earnings per share for the current fiscal year.

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.