Brokerages Set Torex Gold Resources Inc. (TSE:TXG) PT at C$66.40

Shares of Torex Gold Resources Inc. (TSE:TXG) have been assigned an average recommendation of “Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$69.20.

TXG has been the subject of a number of analyst reports. Canaccord Genuity Group raised their price target on shares of Torex Gold Resources from C$64.00 to C$77.00 in a research note on Thursday, October 2nd. National Bankshares dropped their target price on Torex Gold Resources from C$90.00 to C$85.00 and set an “outperform” rating for the company in a report on Tuesday. Raymond James Financial boosted their price target on Torex Gold Resources from C$55.00 to C$58.00 in a research note on Thursday, August 21st. Royal Bank Of Canada upped their price target on Torex Gold Resources from C$77.00 to C$94.00 in a research report on Wednesday. Finally, CIBC lifted their price objective on Torex Gold Resources from C$66.00 to C$90.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd.

Torex Gold Resources Trading Down 0.1%

Shares of TXG stock opened at C$63.95 on Friday. The firm has a fifty day moving average of C$61.77 and a 200-day moving average of C$51.71. The stock has a market cap of C$6.15 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 0.02 and a beta of 0.83. Torex Gold Resources has a 52-week low of C$26.29 and a 52-week high of C$69.27. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, December 4th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, November 20th.

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.