Torex Gold Resources Inc. (TSE:TXG) Receives C$59.89 Consensus Target Price from Analysts

Shares of Torex Gold Resources Inc. (TSE:TXG) have earned an average rating of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$60.44.

Several research analysts recently commented on TXG shares. Desjardins increased their target price on shares of Torex Gold Resources from C$63.00 to C$65.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. TD Securities reduced their target price 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. National Bankshares increased their target price on shares of Torex Gold Resources from C$71.00 to C$75.00 and gave the stock an “outperform” rating in a report on Wednesday. Scotiabank increased their target price on shares of Torex Gold Resources from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. Finally, Royal Bank Of Canada increased their target price on shares of Torex Gold Resources from C$60.00 to C$65.00 in a report on Thursday, June 12th.

Torex Gold Resources Stock Up 2.3%

Torex Gold Resources stock opened at C$56.93 on Monday. The stock has a market capitalization of C$4.91 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 0.02 and a beta of 0.70. Torex Gold Resources has a twelve month low of C$25.25 and a twelve month high of C$58.63. The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09. The company has a 50 day moving average of C$46.48 and a 200-day moving average of C$43.88.

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.