Should I buy or sell Torex Gold Resources stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Torex Gold Resources in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TXG shares. View TXG analyst ratings or view top-rated stocks .

What is Torex Gold Resources' stock price target for 2024?

6 Wall Street analysts have issued 12-month price targets for Torex Gold Resources' stock. Their TXG share price targets range from C$18.25 to C$30.00. On average, they predict the company's stock price to reach C$23.68 in the next twelve months. This suggests a possible upside of 19.1% from the stock's current price. View analysts price targets for TXG or view top-rated stocks among Wall Street analysts .

How have TXG shares performed in 2024?

Torex Gold Resources' stock was trading at C$14.62 on January 1st, 2024. Since then, TXG shares have increased by 36.0% and is now trading at C$19.88. View the best growth stocks for 2024 here .

When is Torex Gold Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our TXG earnings forecast .

How were Torex Gold Resources' earnings last quarter?

Torex Gold Resources Inc. (TSE:TXG) issued its earnings results on Wednesday, February, 21st. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.98 by $0.21. The company earned $384.49 million during the quarter. Torex Gold Resources had a net margin of 23.16% and a trailing twelve-month return on equity of 14.68%.

What other stocks do shareholders of Torex Gold Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Torex Gold Resources investors own include Barrick Gold (GOLD) , Detour Gold (DGC) , Kinross Gold (K) , Tourmaline Oil (TOU) , B2Gold (BTO) , Eldorado Gold (ELD) , First Quantum Minerals (FM) , Aurora Cannabis (ACB) , Franco-Nevada (FNV) and OceanaGold (OGC) .

How do I buy shares of Torex Gold Resources?

Shares of TXG stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:TXG

Torex Gold Resources (TXG) Stock Price, News & Analysis

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C$19.88

+0.12 (+0.61%)

(As of 05:19 PM ET)

Compare

Today's Range: C$19.56
▼
C$20.04
50-Day Range: C$12.96
▼
C$20.16
52-Week Range: C$12.40
▼
C$25.40

Volume: 138,828 shs
Average Volume: 262,423 shs
Market Capitalization: C$1.71 billion

P/E Ratio: 6.25
Dividend Yield: 5.67%
Price Target: C$23.68

Stock Analysis Analyst Forecasts Chart Competitors Earnings Headlines Insider Trades

Get Torex Gold Resources alerts:

Torex Gold Resources MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 19.1% Upside
C$23.68 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.59
Based on 5 Articles This Week
Insider Trading: Acquiring Shares
C$78,078 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.31 out of 5 stars

2.3

Analyst's Opinion

Consensus Rating
Torex Gold Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Torex Gold Resources has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for TXG.

1.7

Dividend Strength

Dividend Leadership
Torex Gold Resources is a leading dividend payer. It pays a dividend yield of 5.67%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Torex Gold Resources does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TXG.

3.1

News and Social Media Coverage

News Sentiment
Torex Gold Resources has a news sentiment score of 0.59. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.39 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Torex Gold Resources this week, compared to 1 article on an average week.
Search Interest
11 people have searched for TXG on MarketBeat in the last 30 days. This is an increase of 38% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Torex Gold Resources insiders have bought 72,870.09% more of their company's stock than they have sold. Specifically, they have bought C$78,078.00 in company stock and sold C$107.00 in company stock.
Percentage Held by Insiders
Only 0.22% of the stock of Torex Gold Resources is held by insiders.
Percentage Held by Institutions
65.23% of the stock of Torex Gold Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Torex Gold Resources is 6.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Torex Gold Resources is 6.25, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 133.53.
Price to Earnings Growth Ratio
Torex Gold Resources has a PEG Ratio of 0.02. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Torex Gold Resources has a P/B Ratio of 1.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Torex Gold Resources Stock (TSE:TXG)

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. It also mines for silver, copper, and carbon deposits. The company was formerly known as Gleichen Resources Ltd. and changed its name to Torex Gold Resources Inc. in April 2010. Torex Gold Resources Inc. was incorporated in 1980 and is headquartered in Toronto, Canada.

TXG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TXG Stock News Headlines

April 18, 2024 | americanbankingnews.com

Brokerages Set Torex Gold Resources Inc. (TSE:TXG) Price Target at C$23.68

April 16, 2024 | americanbankingnews.com

Torex Gold Resources (TSE:TXG) Price Target Increased to C$23.00 by Analysts at CIBC

April 18, 2024 | Paradigm Press (Ad)

Biden replacement revealed?

A former CIA insider just announced a disturbing prediction… Biden will withdraw as the Democrat nominee on June 13.

April 11, 2024 | americanbankingnews.com

Torex Gold Resources (TSE:TXG) Stock Price Passes Above 200-Day Moving Average of $14.89

April 10, 2024 | juniorminingnetwork.com

Torex Gold Resources Reports Q1 2024 Production Results

April 7, 2024 | theglobeandmail.com

These stocks are driving TSX returns

April 4, 2024 | finance.yahoo.com

Is Torex Gold Resources Inc.'s (TSE:TXG) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

March 27, 2024 | finanznachrichten.de

TOREX GOLD RESOURCES INC

April 18, 2024 | Paradigm Press (Ad)

Biden replacement revealed?

A former CIA insider just announced a disturbing prediction… Biden will withdraw as the Democrat nominee on June 13.

March 11, 2024 | ca.finance.yahoo.com

Sprott Physical Gold Trust (PHYS-U.TO)

March 4, 2024 | msn.com

Canada shares lower at close of trade; S&P/TSX Composite down 0.10%

March 2, 2024 | seekingalpha.com

Torex Gold: Another Solid Year

February 23, 2024 | finance.yahoo.com

Torex Gold Resources Full Year 2023 Earnings: EPS: US$2.38 (vs US$2.20 in FY 2022)

February 22, 2024 | msn.com

Torex Gold Resources Non-GAAP EPS of $0.57, revenue of $282.4M beats by $4.13M

February 7, 2024 | juniorminingnetwork.com

Torex Gold Resources Provides Q4 2023 Update on Media Luna Project

February 7, 2024 | finance.yahoo.com

Torex Gold Provides Q4 2023 Update on Media Luna Project

February 5, 2024 | theglobeandmail.com

Norman Rothery: Portfolios for value and dividend investors

January 16, 2024 | juniorminingnetwork.com

Torex Gold Resources Provides 2024 Operational Guidance and Updated Five-year Production Outlook

January 7, 2024 | morningstar.com

Torex Gold Resources Inc TXG

December 25, 2023 | finance.yahoo.com

Great week for Torex Gold Resources Inc. (TSE:TXG) institutional investors after losing 0.7% over the previous year

December 22, 2023 | markets.businessinsider.com

Canadian Market Up Firmly In Positive Territory; Materials Shares Rise

November 30, 2023 | finance.yahoo.com

Torex Gold Reports Results from 2023 Exploration Drilling Program at Media Luna West

November 15, 2023 | msn.com

Torex Gold Resources reports Q3 results

November 15, 2023 | finanznachrichten.de

Torex Gold Resources Inc.: Torex Gold Reports Third Quarter 2023 Results

November 15, 2023 | finance.yahoo.com

Torex Gold Receives Approval for In-Pit Tailings Deposition

November 14, 2023 | finance.yahoo.com

Torex Gold Reports Third Quarter 2023 Results

November 1, 2023 | finanznachrichten.de

Torex Gold Resources Inc.: Torex Gold Provides Quarterly Update on Media Luna Project

See More Headlines

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Company Calendar

Last Earnings: 2/21/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/08/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Basic Materials
Industry: Gold
Sub-Industry: N/A
Current Symbol: TSE:TXG
CUSIP: N/A
CIK: N/A
Web: www.torexgold.com
Phone: +1-647-2601505
Fax: N/A
Employees: 852
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$23.68
High Stock Price Target: C$30.00
Low Stock Price Target: C$18.25
Potential Upside/Downside: +19.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$3.18
Trailing P/E Ratio: 6.21
Forward P/E Ratio: 9.86
P/E Growth: 0.02
Net Income: C$204.40 million
Net Margins: 23.16%
Pretax Margin: N/A
Return on Equity: 14.68%
Return on Assets: 7.93%

Debt

Debt-to-Equity Ratio: 2.14
Current Ratio: 1.44
Quick Ratio: 2.12

Sales & Book Value

Annual Sales: C$882.60 million
Price / Sales: 1.92
Cash Flow: C$4.89 per share
Price / Cash Flow: 4.04
Book Value: C$17.41 per share
Price / Book: 1.13

Miscellaneous

Outstanding Shares: 85,970,000
Free Float: N/A
Market Cap: C$1.70 billion
Optionable: Not Optionable
Beta: 1.18

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Key Executives

Ms. Jody L. M. Kuzenko L.L.B. (Age 53)
CEO, President & Non-Independent Director
Comp: $1.93M
Mr. Andrew P. Snowden C.A.
CPA, Chief Financial Officer
Mr. Dave Stefanuto P.Eng.
Executive Vice President of Technical Services & Capital Projects
Ms. Angela Mary Robson
Senior Vice President of Human Resources, ESG & Communications
Mr. Faysal Rodriguez
Senior Vice President of Mexico
Mr. Daniel James Thomas Rollins C.F.A.
Senior Vice President of Corporate Development & Investor Relations
Ms. Mary Delores Batoff L.L.B.
General Counsel & Corporate Secretary

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

TXG Stock Analysis - Frequently Asked Questions

Should I buy or sell Torex Gold Resources stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Torex Gold Resources in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TXG shares.
View TXG analyst ratings or view top-rated stocks.
What is Torex Gold Resources' stock price target for 2024?: 6 Wall Street analysts have issued 12-month price targets for Torex Gold Resources' stock. Their TXG share price targets range from C$18.25 to C$30.00. On average, they predict the company's stock price to reach C$23.68 in the next twelve months. This suggests a possible upside of 19.1% from the stock's current price.
View analysts price targets for TXG or view top-rated stocks among Wall Street analysts.
How have TXG shares performed in 2024?: Torex Gold Resources' stock was trading at C$14.62 on January 1st, 2024. Since then, TXG shares have increased by 36.0% and is now trading at C$19.88.
View the best growth stocks for 2024 here.
When is Torex Gold Resources' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our TXG earnings forecast.

How were Torex Gold Resources' earnings last quarter?: Torex Gold Resources Inc. (TSE:TXG) issued its earnings results on Wednesday, February, 21st. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.98 by $0.21. The company earned $384.49 million during the quarter. Torex Gold Resources had a net margin of 23.16% and a trailing twelve-month return on equity of 14.68%.
What other stocks do shareholders of Torex Gold Resources own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Torex Gold Resources investors own include Barrick Gold (GOLD), Detour Gold (DGC), Kinross Gold (K), Tourmaline Oil (TOU), B2Gold (BTO), Eldorado Gold (ELD), First Quantum Minerals (FM), Aurora Cannabis (ACB), Franco-Nevada (FNV) and OceanaGold (OGC).
How do I buy shares of Torex Gold Resources?: Shares of TXG stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:TXG) was last updated on 4/18/2024 by MarketBeat.com Staff

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Torex Gold Resources (TXG) Stock Price, News & Analysis

Torex Gold Resources MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Torex Gold Resources Stock (TSE:TXG)

TXG Stock Price History

TXG Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

TXG Stock Analysis - Frequently Asked Questions

Overall MarketRank^™