Torex Gold Resources Inc. (TSE:TXG) Given Consensus Rating of “Buy” by Brokerages

Shares of Torex Gold Resources Inc. (TSE:TXG) have been given a consensus recommendation of “Buy” by the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$34.81.

TXG has been the topic of several analyst reports. TD Securities increased their price target on shares of Torex Gold Resources from C$34.00 to C$38.00 in a research note on Friday, October 18th. Raymond James increased their price target on Torex Gold Resources from C$33.00 to C$34.00 in a report on Tuesday, January 7th. National Bankshares upgraded shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$31.25 to C$37.75 in a research note on Thursday, October 10th. Scotiabank upped their price objective on shares of Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. Finally, National Bank Financial upgraded shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th.

Torex Gold Resources Trading Up 0.9 %

Shares of TSE TXG opened at C$27.97 on Wednesday. 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 one year low of C$12.79 and a one year high of C$32.75. The business has a 50-day moving average price of C$28.69 and a two-hundred day moving average price of C$26.43. The firm has a market capitalization of C$2.40 billion, a PE ratio of 16.85, a PEG ratio of 0.02 and a beta of 1.34.

Torex Gold Resources (TSE:TXG) last released its earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.20. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. The company had revenue of C$427.96 million during the quarter. As a group, analysts predict 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.