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

Shares of Torex Gold Resources Inc. (TSE:TXG) have received an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$23.68.

Separately, CIBC raised their target price on shares of Torex Gold Resources from C$21.00 to C$23.00 in a research note on Monday.

Insider Activity at Torex Gold Resources

In other news, Director Rodrigo Sandoval Navarro acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average cost of C$9.97 per share, for a total transaction of C$49,843.00. Insiders have bought a total of 7,715 shares of company stock worth $78,078 in the last ninety days. 0.22% of the stock is owned by insiders.

Torex Gold Resources Stock Up 1.4 %

Shares of TSE TXG opened at C$19.76 on Monday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 2.12 and a current ratio of 1.44. The firm has a market cap of C$1.70 billion, a P/E ratio of 6.21, a price-to-earnings-growth 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 firm’s 50 day moving average price is C$17.07 and its 200 day moving average price is C$15.08.

Torex Gold Resources (TSE:TXG) last posted its quarterly earnings results on Wednesday, February 21st. The company reported C$0.77 earnings per share 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 company had revenue of C$384.49 million for the quarter. As a group, sell-side analysts anticipate that Torex Gold Resources will post 2.0050352 earnings per share for the current year.

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.