Torex Gold Resources Inc. (TSE:TXG) Given Average Rating of “Hold” by Brokerages

Torex Gold Resources Inc. (TSE:TXG) has earned a consensus rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$25.28.

TXG has been the subject of several analyst reports. Cormark lowered their price objective on Torex Gold Resources from C$25.00 to C$24.00 in a research report on Monday, October 11th. Royal Bank of Canada reissued a “hold” rating on shares of Torex Gold Resources in a report on Wednesday, September 8th. National Bank Financial reissued a “sector perform overweight” rating and issued a C$24.00 target price on shares of Torex Gold Resources in a report on Thursday, September 16th. National Bankshares reissued a “hold” rating and issued a C$24.00 target price on shares of Torex Gold Resources in a report on Friday, October 8th. Finally, CIBC reissued a “hold” rating and issued a C$22.00 target price on shares of Torex Gold Resources in a report on Friday, October 8th.

TXG traded down C$0.18 on Thursday, hitting C$14.64. 87,638 shares of the company were exchanged, compared to its average volume of 323,845. Torex Gold Resources has a twelve month low of C$12.21 and a twelve month high of C$21.05. The company has a market cap of C$1.25 billion and a price-to-earnings ratio of 4.15. The company has a current ratio of 2.59, a quick ratio of 1.68 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of C$14.19 and a two-hundred day moving average price of C$14.66.

Torex Gold Resources (TSE:TXG) last released its earnings results on Wednesday, November 3rd. The company reported C$0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.42 by C$0.21. Equities analysts expect that Torex Gold Resources will post 1.7466086 EPS for the current year.

About Torex Gold Resources

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. The company also explores for silver, copper, and carbon deposits. It holds a 100% interest in the Morelos Gold property comprising of seven mineral concessions covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.

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