Brokerages Set Torex Gold Resources Inc. (TSE:TXG) PT at C$23.68

Torex Gold Resources Inc. (TSE:TXG) has been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$24.68.

Several research analysts have recently commented on the stock. CIBC lifted their price target on shares of Torex Gold Resources from C$21.00 to C$23.00 in a report on Monday, April 15th. National Bankshares lifted their price target on shares of Torex Gold Resources from C$25.00 to C$25.25 in a report on Friday.

Torex Gold Resources Price Performance

TXG opened at C$20.38 on Monday. The company has a 50-day moving average of C$17.32 and a 200-day moving average of C$15.19. The company has a market capitalization of C$1.75 billion, a P/E ratio of 6.41, a PEG ratio of 0.02 and a beta of 1.18. Torex Gold Resources has a 1-year low of C$12.40 and a 1-year high of C$25.40. The company has a debt-to-equity ratio of 2.14, a quick ratio of 2.12 and a current ratio of 1.44.

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 the consensus estimate of C$0.98 by C($0.21). Torex Gold Resources had a net margin of 23.16% and a return on equity of 14.68%. The business had revenue of C$384.49 million during the quarter. Equities analysts expect that Torex Gold Resources will post 2.0050352 EPS for the current fiscal year.

Insider Buying and Selling at Torex Gold Resources

In other news, Director Rodrigo Sandoval Navarro bought 5,000 shares of Torex Gold Resources stock in a transaction on Monday, February 26th. The stock was purchased at an average cost of C$9.97 per share, with a total value of C$49,843.00. 0.22% of the stock is currently owned by company insiders.

About Torex Gold Resources

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.