Torex Gold Resources Inc. (TSE:TXG) Receives C$45.19 Average PT from Analysts

Shares of Torex Gold Resources Inc. (TSE:TXG - Get Free Report) have been given a consensus rating of "Buy" by the eight ratings firms that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$45.19.

A number of equities analysts recently commented on TXG shares. Raymond James lifted their price target on Torex Gold Resources from C$34.00 to C$47.00 in a research note on Friday, April 4th. TD Securities lifted their target price on Torex Gold Resources from C$39.00 to C$57.00 in a research report on Tuesday, April 15th. Cibc World Mkts raised Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. BMO Capital Markets lifted their price objective on shares of Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday, February 20th. Finally, Royal Bank of Canada boosted their target price on shares of Torex Gold Resources from C$44.00 to C$45.00 in a research note on Friday, April 4th.

Torex Gold Resources Stock Up 0.7 %

TXG stock traded up C$0.32 during mid-day trading on Friday, hitting C$44.65. 360,258 shares of the company were exchanged, compared to its average volume of 338,767. The firm has a fifty day simple moving average of C$38.29 and a 200 day simple moving average of C$32.75. The company has a market capitalization of C$2.71 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a twelve month low of C$18.79 and a twelve month high of C$49.07. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09.

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.