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

Shares of Torex Gold Resources Inc. (TSE:TXG) have earned a consensus rating of “Buy” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$47.19.

TXG has been the topic of several recent research reports. Cormark increased their target price on Torex Gold Resources from C$46.00 to C$55.00 in a research report on Monday, April 14th. CIBC raised shares of Torex Gold Resources from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from C$42.00 to C$58.00 in a research note on Monday, April 14th. Desjardins reaffirmed a “buy” rating on shares of Torex Gold Resources in a report on Thursday, April 24th. TD Securities raised their price target on shares of Torex Gold Resources from C$39.00 to C$57.00 in a report on Tuesday, April 15th. Finally, Royal Bank of Canada upped their price target on shares of Torex Gold Resources from C$44.00 to C$45.00 in a report on Friday, April 4th.

Torex Gold Resources Stock Up 0.1%

TXG stock opened at C$41.19 on Tuesday. The stock’s fifty day simple moving average is C$41.13 and its two-hundred day simple moving average is C$33.91. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. The stock has a market cap of C$2.50 billion, a P/E ratio of 22.15, a P/E/G ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a 1-year low of C$19.01 and a 1-year high of C$49.07.

About Torex Gold Resources

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala.