Torex Gold Resources Inc. (TSE:TXG) Receives C$32.75 Average Target Price from Brokerages

Shares of Torex Gold Resources Inc. (TSE:TXG) have been given an average recommendation of “Buy” by the five research firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$32.75.

Several brokerages have weighed in on TXG. BMO Capital Markets upped their target price on Torex Gold Resources from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. TD Securities increased their price objective on Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. Scotiabank lifted 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. National Bank Financial raised shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, National Bankshares upgraded shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$31.25 to C$37.75 in a report on Thursday, October 10th.

Torex Gold Resources Price Performance

TXG opened at C$29.70 on Tuesday. The firm has a market capitalization of C$2.55 billion, a P/E ratio of 17.89, a PEG ratio of 0.02 and a beta of 1.34. The stock has a fifty day moving average of C$28.57 and a 200-day moving average of C$24.58. The company has a quick ratio of 2.12, a current ratio of 1.09 and a debt-to-equity ratio of 7.32. Torex Gold Resources has a 12-month low of C$12.79 and a 12-month high of C$32.10.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.82 by C$0.20. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. The firm had revenue of C$427.96 million during the quarter. Equities 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.