Torex Gold Resources Inc. (TSE:TXG) Given Average Rating of “Buy” by Brokerages

Shares of Torex Gold Resources Inc. (TSE:TXG) have received an average rating of “Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$66.40.

Several equities research analysts have recently weighed in on the company. Raymond James Financial upped their price target on Torex Gold Resources from C$55.00 to C$58.00 in a research report on Thursday, August 21st. Canaccord Genuity Group boosted their price objective on shares of Torex Gold Resources from C$64.00 to C$77.00 in a research note on Thursday, October 2nd. CIBC upped their target price on shares of Torex Gold Resources from C$66.00 to C$90.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. National Bankshares increased their target price on shares of Torex Gold Resources from C$75.00 to C$86.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Finally, TD Securities cut their price target on shares of Torex Gold Resources from C$64.00 to C$62.00 and set a “buy” rating for the company in a report on Friday, August 8th.

Torex Gold Resources Stock Performance

TSE:TXG opened at C$60.49 on Friday. The business’s fifty day moving average is C$61.41 and its 200 day moving average is C$51.07. The firm has a market cap of C$5.82 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 0.02 and a beta of 0.83. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00. Torex Gold Resources has a 52-week low of C$26.29 and a 52-week high of C$69.27.

Torex Gold Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, December 4th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.60 annualized dividend and a yield of 1.0%.

Torex Gold Resources Company Profile

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.