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

Shares of Torex Gold Resources Inc. (TSE:TXG) have been given a consensus rating of “Buy” by the five brokerages that are presently 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 12-month target price among analysts that have updated their coverage on the stock in the last year is C$38.86.

Several equities research analysts have commented on the company. CIBC boosted their price objective on Torex Gold Resources from C$36.00 to C$42.00 in a research note on Friday, February 21st. Royal Bank of Canada boosted their price target on Torex Gold Resources from C$44.00 to C$45.00 in a research report on Friday. BMO Capital Markets raised their price objective on Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday, February 20th. Finally, Raymond James upped their target price on shares of Torex Gold Resources from C$34.00 to C$47.00 in a report on Friday.

Torex Gold Resources Stock Down 6.8 %

Shares of TSE TXG opened at C$36.71 on Monday. 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. The company’s 50-day simple moving average is C$34.13 and its 200-day simple moving average is C$30.41. The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09. Torex Gold Resources has a 52-week low of C$18.79 and a 52-week high of C$40.27.

Insiders Place Their Bets

In other Torex Gold Resources news, Director Caroline Donally acquired 1,000 shares of the stock in a transaction that occurred on Monday, January 20th. The stock was bought at an average cost 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 stock was sold at an average price of C$28.97, for a total value of C$162,898.31. Corporate 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.