Torex Gold Resources (TXG) Stock Price, News & Analysis

Company Overview

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. It also mines for silver, copper, and carbon deposits. The company was formerly known as Gleichen Resources Ltd. and changed its name to Torex Gold Resources Inc. in April 2010. Torex Gold Resources Inc. was incorporated in 1980 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: C$27.50 to C$28.47
• 50-Day Range: C$23.80 to C$31.09
• 52-Week Range: C$12.66 to C$32.10
• Volume: 185,600 shs
• Average Volume: 261,045 shs
• Market Capitalization: C$2.37 billion
• P/E Ratio: 16.63
• Dividend Yield: 5.67%
• Price Target: C$31.86
• Consensus Rating: Buy

Torex Gold Resources Stock Analysis - MarketRank™

Torex Gold Resources scored higher than 89% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Buy

Consensus Rating

Torex Gold Resources has received a consensus rating of Buy. The company's average rating score is 3.20, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Torex Gold Resources has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Torex Gold Resources is 16.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.54.

Price to Earnings Ratio vs. Sector

The P/E ratio of Torex Gold Resources is 16.63, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 102.37.

Price to Earnings Growth Ratio

Torex Gold Resources has a PEG Ratio of 0.02. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Torex Gold Resources has a P/B Ratio of 1.54. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for TXG.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Torex Gold Resources is a leading dividend payer. It pays a dividend yield of 5.67%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Torex Gold Resources does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for TXG.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.99

News Sentiment

Torex Gold Resources has a news sentiment score of 0.99. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.41 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Torex Gold Resources this week, compared to 2 articles on an average week.

Search Interest

Only 6 people have searched for TXG on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

MarketBeat Follows

3 people have added Torex Gold Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Torex Gold Resources insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$14,013.00 in company stock and sold C$0.00 in company stock.

Percentage Held by Insiders

Only 0.35% of the stock of Torex Gold Resources is held by insiders.

Percentage Held by Institutions

68.85% of the stock of Torex Gold Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TXG Stock Analysis - Frequently Asked Questions

How have TXG shares performed this year?

Torex Gold Resources' stock was trading at C$14.62 on January 1st, 2024. Since then, TXG shares have increased by 88.8% and is now trading at C$27.60.
View the best growth stocks for 2024 here.

How were Torex Gold Resources' earnings last quarter?

Torex Gold Resources Inc. (TSE:TXG) announced its quarterly earnings results on Wednesday, November, 6th. The company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.20. The firm earned $427.96 million during the quarter. Torex Gold Resources had a trailing twelve-month return on equity of 7.12% and a net margin of 11.16%.

How do I buy shares of Torex Gold Resources?

Shares of TXG stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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What other stocks do shareholders of Torex Gold Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Torex Gold Resources investors own include Wheaton Precious Metals (WPM), Ivanhoe Mines (IVN), Barrick Gold (GOLD), Kirkland Lake Gold (KL), Tamarack Valley Energy (TVE), B2Gold (BTO) and Kinross Gold (K).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 11/17/2024
• Next Earnings (Estimated): 2/19/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Basic Materials
• Industry: Gold
• Sub-Industry: Measuring And Control Equipment
• Current Symbol: TSE:TXG
• CUSIP: N/A
• CIK: N/A
• Web: www.torexgold.com
• Phone: +1-647-2601505
• Fax: N/A
• Employees: 1,240
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$31.86
• High Stock Price Target: C$38.00
• Low Stock Price Target: C$26.00
• Potential Upside/Downside: +15.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.20
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$1.66
• Trailing P/E Ratio: 16.63
• Forward P/E Ratio: 7.61
• P/E Growth: 0.02
• Net Income: C$105.90 million
• Net Margins: 11.16%
• Pretax Margin: N/A
• Return on Equity: 7.12%
• Return on Assets: 7.29%

Debt

• Debt-to-Equity Ratio: 7.32
• Current Ratio: 1.09
• Quick Ratio: 2.12

Sales & Book Value

• Annual Sales: C$949.30 million
• Price / Sales: 2.50
• Cash Flow: C$6.84 per share
• Price / Cash Flow: 4.04
• Book Value: C$17.92 per share
• Price / Book: 1.54

Miscellaneous

• Outstanding Shares: 85,980,000
• Free Float: N/A
• Market Cap: C$2.37 billion
• Optionable: Not Optionable
• Beta: 1.34