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

Torex Gold Resources Inc. (TSE:TXG) has received an average rating of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$27.19.

TXG has been the topic of a number of research analyst reports. Canaccord Genuity Group boosted their price target on Torex Gold Resources from C$30.50 to C$32.00 in a report on Tuesday, July 23rd. TD Securities reduced their price target on Torex Gold Resources from C$34.00 to C$33.00 in a report on Friday, August 9th. Raymond James set a C$27.00 price target on Torex Gold Resources and gave the company an “outperform” rating in a report on Friday, June 7th. CIBC upped their target price on Torex Gold Resources from C$23.00 to C$26.00 in a report on Wednesday, July 10th. Finally, Scotiabank upgraded Torex Gold Resources from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$26.00 to C$27.00 in a report on Monday.

Torex Gold Resources Trading Down 0.9 %

Shares of TXG stock opened at C$26.07 on Friday. The company has a quick ratio of 2.12, a current ratio of 1.09 and a debt-to-equity ratio of 7.32. The business has a 50-day moving average price of C$21.90 and a two-hundred day moving average price of C$19.64. Torex Gold Resources has a 12-month low of C$12.40 and a 12-month high of C$26.50. The firm has a market cap of C$2.24 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 0.02 and a beta of 1.33.

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.