Analysts Set Torex Gold Resources Inc. (TSE:TXG) Price Target at C$36.53

Torex Gold Resources Inc. (TSE:TXG) has been given a consensus rating of “Buy” by the five research firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$36.53.

Several brokerages have recently commented on TXG. Raymond James increased their price objective on Torex Gold Resources from C$33.00 to C$34.00 in a research report on Tuesday, January 7th. 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. BMO Capital Markets boosted their price objective on shares of Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday, February 20th. Finally, CIBC lifted their target price on shares of Torex Gold Resources from C$36.00 to C$42.00 in a research report on Friday, February 21st.

Insider Buying and Selling

In other Torex Gold Resources news, Director Caroline Donally bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, January 20th. The shares were bought at an average cost of C$27.91 per share, with a total value of C$27,908.00. Also, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of C$28.97, for a total value of C$162,898.31. 0.35% of the stock is owned by insiders.

Torex Gold Resources Trading Down 0.9 %

TSE TXG opened at C$39.46 on Monday. The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09. The stock’s 50-day simple moving average is C$33.79 and its two-hundred day simple moving average is C$30.23. Torex Gold Resources has a twelve month low of C$18.79 and a twelve month high of C$40.25. The company has a market capitalization of C$2.39 billion, a price-to-earnings ratio of 21.22, a PEG 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.