Analysts Set Torex Gold Resources Inc. (TSE:TXG) PT at C$34.81

Shares of Torex Gold Resources Inc. (TSE:TXG) have received an average recommendation of “Buy” from the five analysts that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$34.81.

A number of equities research analysts have recently weighed in on TXG shares. CIBC raised their price objective on shares of Torex Gold Resources from C$33.00 to C$34.50 in a report on Monday, December 2nd. Scotiabank increased their target price on shares of Torex Gold Resources from C$33.00 to C$37.00 in a research report on Thursday, November 21st. National Bankshares upgraded shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$31.25 to C$37.75 in a research note on Thursday, October 10th. National Bank Financial upgraded Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, TD Securities increased their price objective on Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th.

Torex Gold Resources Price Performance

Torex Gold Resources stock opened at C$27.97 on Wednesday. The company has a debt-to-equity ratio of 7.32, a quick ratio of 2.12 and a current ratio of 1.09. The company has a market capitalization of C$2.40 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The company’s 50 day simple moving average is C$28.69 and its 200-day simple moving average is C$26.35. Torex Gold Resources has a 1 year low of C$12.79 and a 1 year high of C$32.75.

Torex Gold Resources (TSE:TXG) last announced its earnings results on Wednesday, November 6th. The company reported C$1.02 EPS for the quarter, beating analysts’ consensus estimates of C$0.82 by C$0.20. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. The company had revenue of C$427.96 million during the quarter. As a group, equities research analysts expect that Torex Gold Resources will post 3.6254502 earnings per share for the current year.

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.