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

Shares of Torex Gold Resources Inc. (TSE:TXG) have received a consensus recommendation of “Buy” from the five analysts that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$34.81.

Several research analysts have recently issued reports on the stock. Raymond James raised their target price on shares of Torex Gold Resources from C$33.00 to C$34.00 in a report on Tuesday, January 7th. Royal Bank of Canada boosted their price objective on shares of Torex Gold Resources from C$34.00 to C$37.00 in a research report on Friday, December 6th. Scotiabank increased their target price on shares of Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. Finally, CIBC boosted their price target on Torex Gold Resources from C$33.00 to C$34.50 in a report on Monday, December 2nd.

Insiders Place Their Bets

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

Torex Gold Resources Trading Down 2.5 %

Shares of TXG stock opened at C$33.50 on Friday. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12. The business has a 50-day moving average of C$29.55 and a 200 day moving average of C$27.70. The stock has a market capitalization of C$2.03 billion, a PE ratio of 18.01, a P/E/G ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a 1-year low of C$13.20 and a 1-year high of C$34.86.

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.