Torex Gold Resources Inc. (TSE:TXG) Receives Average Rating of “Buy” from Analysts

Shares of Torex Gold Resources Inc. (TSE:TXG) have been given a consensus recommendation of “Buy” by the five ratings firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$38.86.

TXG has been the subject of a number of research analyst reports. Royal Bank of Canada raised their target price on Torex Gold Resources from C$44.00 to C$45.00 in a report on Friday. CIBC raised their price objective on shares of Torex Gold Resources from C$36.00 to C$42.00 in a research note on Friday, February 21st. BMO Capital Markets upped their target price on shares of Torex Gold Resources from C$36.00 to C$38.00 in a research note on Thursday, February 20th. Finally, Raymond James increased their target price on shares of Torex Gold Resources from C$34.00 to C$47.00 in a report on Friday.

Torex Gold Resources Trading Down 6.8 %

TXG opened at C$36.71 on Monday. Torex Gold Resources has a 52 week low of C$18.79 and a 52 week high of C$40.27. The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09. The business has a fifty day simple moving average of C$34.13 and a 200-day simple moving average of C$30.41. The firm has a market cap of C$2.23 billion, a P/E ratio of 19.74, a P/E/G ratio of 0.02 and a beta of 1.34.

Insider Buying and Selling at Torex Gold Resources

In other Torex Gold Resources news, Director Caroline Donally bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, January 20th. The stock was purchased at an average price 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 on Tuesday, January 21st. The shares were sold at an average price of C$28.97, for a total transaction 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.