Torex Gold Resources Inc. (TSE:TXG) Receives C$23.68 Average Price Target from Brokerages

Torex Gold Resources Inc. (TSE:TXG) has received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$23.68.

Separately, CIBC increased their price target on shares of Torex Gold Resources from C$21.00 to C$23.00 in a research report on Monday.

Insider Activity at Torex Gold Resources

In other Torex Gold Resources news, Director Rodrigo Sandoval Navarro bought 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average cost of C$9.97 per share, with a total value of C$49,843.00. Insiders have bought 7,715 shares of company stock worth $78,078 in the last ninety days. Company insiders own 0.22% of the company’s stock.

Torex Gold Resources Stock Performance

Torex Gold Resources stock opened at C$19.76 on Monday. The company has a current ratio of 1.44, a quick ratio of 2.12 and a debt-to-equity ratio of 2.14. Torex Gold Resources has a 1 year low of C$12.40 and a 1 year high of C$25.40. The company has a market cap of C$1.70 billion, a PE ratio of 6.21, a PEG ratio of 0.02 and a beta of 1.18. The company’s 50-day moving average is C$17.07 and its two-hundred day moving average is C$15.08.

Torex Gold Resources (TSE:TXG) last released its earnings results on Wednesday, February 21st. The company reported C$0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.98 by C($0.21). Torex Gold Resources had a net margin of 23.16% and a return on equity of 14.68%. The business had revenue of C$384.49 million for the quarter. Equities analysts anticipate that Torex Gold Resources will post 2.0050352 earnings per share 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.