Brokerages Set Torex Gold Resources Inc. (TSE:TXG) Target Price at C$32.75

Shares of Torex Gold Resources Inc. (TSE:TXG) have been given an average rating of “Buy” by the five analysts that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$32.75.

Several analysts have weighed in on TXG shares. Scotiabank upped their price objective on shares of Torex Gold Resources from C$33.00 to C$37.00 in a research note on Thursday, November 21st. TD Securities raised their price target on Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. Cormark lifted their price objective on Torex Gold Resources from C$30.00 to C$33.00 in a research report on Friday, September 6th. Royal Bank of Canada increased their target price on Torex Gold Resources from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, National Bank Financial upgraded Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th.

Torex Gold Resources Trading Up 1.1 %

Shares of Torex Gold Resources stock opened at C$29.60 on Tuesday. Torex Gold Resources has a 52-week low of C$12.79 and a 52-week high of C$32.10. The firm has a market capitalization of C$2.55 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The company has a debt-to-equity ratio of 7.32, a current ratio of 1.09 and a quick ratio of 2.12. The company’s fifty day moving average price is C$28.41 and its two-hundred day moving average price is C$24.44.

Torex Gold Resources (TSE:TXG) last posted its earnings results on Wednesday, November 6th. The company reported C$1.02 EPS for the quarter, topping the consensus estimate of C$0.82 by C$0.20. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. The business had revenue of C$427.96 million during the quarter. On average, analysts expect that Torex Gold Resources will post 3.6254502 EPS 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.