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

Shares of Torex Gold Resources Inc. (TSE:TXG) have been assigned an average recommendation of “Buy” from the five ratings firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$38.86.

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

Torex Gold Resources Price Performance

The company has a fifty day moving average price of C$34.13 and a 200-day moving average price of C$30.44. Torex Gold Resources has a fifty-two week low of C$18.79 and a fifty-two 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 firm has a market cap of C$2.23 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34.

Insider Activity

In other news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total value of C$162,898.31. Also, Director Caroline Donally bought 1,000 shares of the stock in a transaction that occurred on Monday, January 20th. The shares were bought at an average cost of C$27.91 per share, with a total value of C$27,908.00. Insiders own 0.35% of the company’s stock.

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.