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

Shares of Torex Gold Resources Inc. (TSE:TXG) have been assigned an average recommendation of “Buy” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$38.86.

Several equities analysts have commented on TXG shares. BMO Capital Markets increased their price target on shares of Torex Gold Resources from C$36.00 to C$38.00 in a research note on Thursday, February 20th. Raymond James increased their target price on shares of Torex Gold Resources from C$34.00 to C$47.00 in a research report on Friday. Royal Bank of Canada boosted their price target on shares of Torex Gold Resources from C$44.00 to C$45.00 in a research report on Friday. Finally, CIBC raised their price objective on Torex Gold Resources from C$36.00 to C$42.00 in a report on Friday, February 21st.

Insiders Place Their Bets

In other news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total transaction of C$162,898.31. Also, Director Caroline Donally purchased 1,000 shares of the firm’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. 0.35% of the stock is currently owned by insiders.

Torex Gold Resources Stock Performance

The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. Torex Gold Resources has a 1-year low of C$18.79 and a 1-year high of C$40.27. The stock has a market cap of C$2.23 billion, a P/E ratio of 19.74, a P/E/G ratio of 0.02 and a beta of 1.34. The firm has a 50 day simple moving average of C$34.13 and a 200-day simple moving average of C$30.44.

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.