Torex Gold Resources Inc. (TSE:TXG) Receives C$59.89 Average Target Price from Brokerages

Key Points

• Torex Gold Resources Inc. (TSE:TXG) has received a consensus recommendation of "Buy" from seven analysts, with two institutional ratings classified as "strong buy."
• The average one-year price target for the stock among analysts is C$59.89, with varying price targets set by several brokerages.
• As of its latest trading day, Torex Gold shares opened at C$55.16 and have seen a twelve-month price range from C$24.89 to C$55.42.

Shares of Torex Gold Resources Inc. (TSE:TXG - Get Free Report) have been assigned a consensus rating of "Buy" from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$59.89.

Several equities research analysts have issued reports on TXG shares. National Bankshares set a C$70.00 target price on Torex Gold Resources and gave the stock an "outperform" rating in a research report on Thursday, June 5th. TD Securities dropped their target price on Torex Gold Resources from C$64.00 to C$62.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Scotiabank increased their target price on Torex Gold Resources from C$48.00 to C$50.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Desjardins increased their target price on Torex Gold Resources from C$63.00 to C$65.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Finally, Royal Bank Of Canada increased their target price on Torex Gold Resources from C$60.00 to C$65.00 in a research report on Thursday, June 12th.

Torex Gold Resources Stock Performance

Shares of TSE:TXG traded up C$2.44 during trading on Monday, hitting C$57.60. 660,970 shares of the company were exchanged, compared to its average volume of 348,057. The company has a market cap of C$4.97 billion, a PE ratio of 23.70, a P/E/G ratio of 0.02 and a beta of 0.70. The stock has a 50 day moving average of C$45.11 and a 200 day moving average of C$43.18. Torex Gold Resources has a 52-week low of C$24.89 and a 52-week high of C$57.99. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12.

Torex Gold Resources Company Profile

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.