Torex Gold Resources Inc. (TSE:TXG) Receives C$34.03 Consensus PT from Analysts

Shares of Torex Gold Resources Inc. (TSE:TXG) have received a consensus recommendation of “Buy” from the five research firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$34.03.

TXG has been the topic of several recent analyst reports. TD Securities lifted their price objective on shares of Torex Gold Resources from C$34.00 to C$38.00 in a research note on Friday, October 18th. Scotiabank boosted their target price on Torex Gold Resources from C$33.00 to C$37.00 in a research note on Thursday, November 21st. Cormark lifted their price objective on Torex Gold Resources from C$30.00 to C$33.00 in a report on Friday, September 6th. CIBC increased their target price on Torex Gold Resources from C$33.00 to C$34.50 in a research note on Monday, December 2nd. Finally, 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.

Torex Gold Resources Stock Performance

TXG stock opened at C$28.32 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. Torex Gold Resources has a twelve month low of C$12.79 and a twelve month high of C$32.75. The business’s fifty day moving average is C$29.17 and its 200-day moving average is C$25.57. The company has a market cap of C$2.43 billion, a P/E ratio of 17.06, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34.

Torex Gold Resources (TSE:TXG) last issued 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. The firm had revenue of C$427.96 million for the quarter. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. Equities research analysts forecast that Torex Gold Resources will post 3.6254502 EPS for the current 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.