Analysts Set Torex Gold Resources Inc. (TSE:TXG) Price Target at C$23.68

Torex Gold Resources Inc. (TSE:TXG) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$24.68.

A number of equities research analysts have recently commented on the company. National Bankshares lifted their target price on Torex Gold Resources from C$25.00 to C$25.25 in a research note on Friday. CIBC boosted their price objective on Torex Gold Resources from C$21.00 to C$23.00 in a research note on Monday, April 15th.

Torex Gold Resources Trading Up 2.5 %

TSE TXG opened at C$20.38 on Monday. The stock has a market capitalization of C$1.75 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 0.02 and a beta of 1.18. Torex Gold Resources has a one year low of C$12.40 and a one year high of C$25.40. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.44 and a quick ratio of 2.12. The business’s fifty day moving average is C$17.32 and its 200-day moving average is C$15.17.

Torex Gold Resources (TSE:TXG) last released its earnings results on Wednesday, February 21st. The company reported C$0.77 EPS for the quarter, missing analysts’ consensus estimates of C$0.98 by C($0.21). The business had revenue of C$384.49 million for the quarter. Torex Gold Resources had a return on equity of 14.68% and a net margin of 23.16%. Equities research analysts predict that Torex Gold Resources will post 2.0050352 EPS for the current year.

Insider Buying and Selling at Torex Gold Resources

In related news, Director Rodrigo Sandoval Navarro bought 5,000 shares of Torex Gold Resources stock in a transaction on Monday, February 26th. The stock was acquired at an average price of C$9.97 per share, with a total value of C$49,843.00. Insiders purchased 7,715 shares of company stock valued at $78,078 in the last quarter. 0.22% of the stock is currently owned by corporate insiders.

Torex Gold Resources Company Profile

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.