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

Shares of Torex Gold Resources Inc. (TSE:TXG) have been given a consensus rating of “Buy” by the eight brokerages that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$55.00.

TXG has been the subject of a number of research analyst reports. CIBC upgraded shares of Torex Gold Resources from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$42.00 to C$58.00 in a research report on Monday, April 14th. National Bankshares set a C$70.00 target price on shares of Torex Gold Resources and gave the stock an “outperform” rating in a research report on Thursday, June 5th. Cormark increased their target price on shares of Torex Gold Resources from C$46.00 to C$55.00 in a research report on Monday, April 14th. Royal Bank Of Canada increased their target price on shares of Torex Gold Resources from C$60.00 to C$65.00 in a research report on Thursday, June 12th. Finally, TD Securities increased their target price on shares of Torex Gold Resources from C$39.00 to C$57.00 in a research report on Tuesday, April 15th.

Torex Gold Resources Stock Down 4.3%

Shares of TSE:TXG opened at C$43.56 on Friday. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00. The company has a market cap of C$2.64 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a 52 week low of C$19.01 and a 52 week high of C$49.25. The firm has a 50 day simple moving average of C$44.81 and a 200 day simple moving average of C$36.50.

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.