Torex Gold Resources Inc. (TSE:TXG) Receives C$25.28 Consensus PT from Analysts

Torex Gold Resources Inc. (TSE:TXG) has earned an average recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$25.66.

Several research analysts have recently issued reports on the stock. National Bankshares reaffirmed a “hold” rating and issued a C$24.00 target price on shares of Torex Gold Resources in a research note on Friday, October 8th. CIBC reduced their target price on shares of Torex Gold Resources from C$22.00 to C$21.00 and set a “neutral” rating on the stock in a research note on Wednesday. Cormark reduced their target price on shares of Torex Gold Resources from C$25.00 to C$24.00 in a research note on Monday, October 11th. National Bank Financial reaffirmed a “sector perform overweight” rating and issued a C$24.00 target price on shares of Torex Gold Resources in a research note on Thursday, September 16th. Finally, Scotiabank lifted their price objective on shares of Torex Gold Resources from C$25.00 to C$26.00 in a research note on Tuesday.

TSE:TXG traded down C$0.13 during mid-day trading on Friday, reaching C$12.42. 246,229 shares of the company were exchanged, compared to its average volume of 279,582. Torex Gold Resources has a 12 month low of C$11.79 and a 12 month high of C$18.72. The company has a fifty day moving average of C$13.69 and a 200 day moving average of C$13.71. The company has a quick ratio of 1.68, a current ratio of 2.59 and a debt-to-equity ratio of 0.35. The stock has a market cap of C$1.07 billion and a PE ratio of 3.53.

Torex Gold Resources (TSE:TXG) last issued its earnings results on Wednesday, November 3rd. The company reported C$0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.42 by C$0.21. On average, equities research analysts anticipate that Torex Gold Resources will post 1.7600001 EPS for the current fiscal year.

Torex Gold Resources Company Profile

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. The company also explores for silver, copper, and carbon deposits. It holds a 100% interest in the Morelos Gold property comprising of seven mineral concessions covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.

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