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

Torex Gold Resources Inc. (TSE:TXG - Get Free Report) has received an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$23.68.

Separately, CIBC raised their price objective on shares of Torex Gold Resources from C$21.00 to C$23.00 in a report on Monday.

Torex Gold Resources Trading Down 0.6 %

TSE TXG traded down C$0.12 during trading hours on Monday, reaching C$19.54. The company's stock had a trading volume of 208,652 shares, compared to its average volume of 264,793. The firm has a fifty day simple moving average of C$16.82 and a 200-day simple moving average of C$15.01. The stock has a market cap of C$1.68 billion, a P/E ratio of 6.14, a P/E/G ratio of 0.02 and a beta of 1.18. Torex Gold Resources has a 52 week low of C$12.40 and a 52 week high of C$25.40. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.44 and a quick ratio of 2.12.

Torex Gold Resources (TSE:TXG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.98 by C($0.21). The business had revenue of C$384.49 million during the quarter. Torex Gold Resources had a net margin of 23.16% and a return on equity of 14.68%. Equities analysts forecast that Torex Gold Resources will post 2.0050352 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Rodrigo Sandoval Navarro acquired 5,000 shares of the stock in a transaction dated Monday, February 26th. The stock was bought at an average price of C$9.97 per share, for a total transaction of C$49,843.00. Insiders purchased 7,715 shares of company stock worth $78,078 in the last quarter. 0.22% of the stock is owned by corporate insiders.

Torex Gold Resources Company Profile

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.