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

Torex Gold Resources Inc. (TSE:TXG - Get Free Report) has received a consensus recommendation of "Buy" from the eight ratings firms that are covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$55.00.

A number of equities analysts recently commented on the company. Desjardins set a C$60.00 price objective on Torex Gold Resources and gave the stock a "buy" rating in a research note on Thursday, June 5th. Royal Bank Of Canada boosted their price target on shares of Torex Gold Resources from C$60.00 to C$65.00 in a research report on Thursday, June 12th. TD Securities increased their price objective on shares of Torex Gold Resources from C$39.00 to C$57.00 in a research report on Tuesday, April 15th. Scotiabank boosted their target price on shares of Torex Gold Resources from C$48.00 to C$50.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, CIBC raised shares of Torex Gold Resources from a "neutral" rating to an "outperform" rating and upped their price target for the company from C$42.00 to C$58.00 in a research report on Monday, April 14th.

Torex Gold Resources Trading Up 1.5%

Shares of TSE:TXG traded up C$0.70 during mid-day trading on Friday, reaching C$46.78. 294,051 shares of the company's stock were exchanged, compared to its average volume of 328,166. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00. Torex Gold Resources has a twelve month low of C$19.01 and a twelve month high of C$49.25. The firm has a market capitalization of C$2.84 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 0.02 and a beta of 1.34. The business's fifty day moving average price is C$44.53 and its 200-day moving average price is C$36.28.

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.