Brokerages Set Torex Gold Resources Inc. (TSE:TXG) PT at C$63.20

Shares of Torex Gold Resources Inc. (TSE:TXG) have received a consensus rating of “Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$66.40.

Several research analysts have recently issued reports on TXG shares. TD Securities lowered their target price on shares of Torex Gold Resources from C$64.00 to C$62.00 and set a “buy” rating for the company in a report on Friday, August 8th. Canaccord Genuity Group upped their target price on shares of Torex Gold Resources from C$64.00 to C$77.00 in a report on Thursday, October 2nd. CIBC upped their target price on shares of Torex Gold Resources from C$66.00 to C$90.00 and gave the company an “outperform” rating in a report on Thursday. Raymond James Financial upped their target price on shares of Torex Gold Resources from C$55.00 to C$58.00 in a report on Thursday, August 21st. Finally, National Bankshares upped their target price on shares of Torex Gold Resources from C$75.00 to C$86.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th.

Torex Gold Resources Trading Up 3.3%

Shares of TSE:TXG opened at C$60.24 on Friday. Torex Gold Resources has a 52 week low of C$26.29 and a 52 week high of C$69.27. The company’s 50 day moving average is C$54.04 and its two-hundred day moving average is C$47.14. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. The company has a market cap of C$5.19 billion, a PE ratio of 24.79, a P/E/G ratio of 0.02 and a beta of 0.87.

About Torex Gold Resources

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala.