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

Shares of Torex Gold Resources Inc. (TSE:TXG) have received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$24.68.

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

Torex Gold Resources Stock Up 2.5 %

TXG stock opened at C$20.38 on Monday. Torex Gold Resources has a twelve month low of C$12.40 and a twelve month high of C$25.40. The company has a quick ratio of 2.12, a current ratio of 1.44 and a debt-to-equity ratio of 2.14. The stock has a market cap of C$1.75 billion, a P/E ratio of 6.41, a PEG ratio of 0.02 and a beta of 1.18. The business’s 50-day moving average price is C$17.32 and its 200-day moving average price is C$15.17.

Torex Gold Resources (TSE:TXG) last posted its quarterly 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). Torex Gold Resources had a return on equity of 14.68% and a net margin of 23.16%. The business had revenue of C$384.49 million during the quarter. On average, equities research analysts forecast that Torex Gold Resources will post 2.0050352 EPS for the current year.

Insiders Place Their Bets

In related news, Director Rodrigo Sandoval Navarro bought 5,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were purchased at an average price of C$9.97 per share, with a total value of C$49,843.00. Insiders have bought a total of 7,715 shares of company stock valued at $78,078 in the last quarter. 0.22% of the stock is currently owned by 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.