Torex Gold Resources Inc. (TSE:TXG) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Torex Gold Resources Inc. (TSE:TXG) have been assigned an average rating of “Buy” from the five brokerages that are covering the company, MarketBeat Ratings reports. Four investment 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 brokers that have updated their coverage on the stock in the last year is C$36.53.

A number of analysts recently issued reports on the company. CIBC increased their price objective on Torex Gold Resources from C$36.00 to C$42.00 in a report on Friday, February 21st. BMO Capital Markets increased their price objective on Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday, February 20th. Royal Bank of Canada increased their price objective on Torex Gold Resources from C$34.00 to C$37.00 in a report on Friday, December 6th. Scotiabank increased their price objective on Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. Finally, Raymond James increased their price objective on Torex Gold Resources from C$33.00 to C$34.00 in a report on Tuesday, January 7th.

Torex Gold Resources Stock Up 2.2 %

TXG stock opened at C$33.17 on Thursday. 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 capitalization of C$2.01 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a fifty-two week low of C$17.46 and a fifty-two week high of C$35.89. The stock has a fifty day moving average of C$31.15 and a 200-day moving average of C$28.99.

Insider Buying and Selling at Torex Gold Resources

In other news, Director Caroline Donally acquired 1,000 shares of Torex Gold Resources stock in a transaction dated Monday, January 20th. The shares were purchased at an average cost of C$27.91 per share, for a total transaction of C$27,908.00. Also, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of C$28.97, for a total value of C$162,898.31. Insiders own 0.35% of the company’s stock.

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.