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

Torex Gold Resources Inc. (TSE:TXG) has received an average recommendation of “Buy” from the five ratings firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$36.53.

Several equities analysts recently issued reports on the company. Raymond James raised their price target on Torex Gold Resources from C$33.00 to C$34.00 in a research report on Tuesday, January 7th. CIBC raised their price target on Torex Gold Resources from C$36.00 to C$42.00 in a research report on Friday, February 21st. BMO Capital Markets lifted their price objective on Torex Gold Resources from C$36.00 to C$38.00 in a research report on Thursday, February 20th. Scotiabank lifted their price objective on Torex Gold Resources from C$33.00 to C$37.00 in a research report on Thursday, November 21st. Finally, Royal Bank of Canada lifted their price objective on Torex Gold Resources from C$34.00 to C$37.00 in a research report on Friday, December 6th.

Torex Gold Resources Price Performance

TXG opened at C$33.17 on Thursday. The stock’s 50 day simple moving average is C$31.15 and its 200 day simple moving average is C$28.99. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12. Torex Gold Resources has a 1 year low of C$17.46 and a 1 year high of C$35.89. The firm has a market cap of C$2.01 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 0.02 and a beta of 1.34.

Insider Transactions at Torex Gold Resources

In other news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total value of C$162,898.31. Also, Director Caroline Donally purchased 1,000 shares of the firm’s stock in a transaction dated Monday, January 20th. The stock was acquired at an average price of C$27.91 per share, with a total value of C$27,908.00. Company insiders own 0.35% of the company’s stock.

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.