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TSE:TXG

Torex Gold Resources - TXG Stock Forecast, Price & News

C$11.12
-0.11 (-0.98%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
C$11.06
C$11.43
50-Day Range
C$8.84
C$13.24
52-Week Range
C$8.54
C$17.43
Volume
171,553 shs
Average Volume
326,147 shs
Market Capitalization
C$954.59 million
P/E Ratio
5.53
Dividend Yield
N/A
Price Target
C$21.72

Torex Gold Resources MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
95.3% Upside
C$21.72 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.43mentions of Torex Gold Resources in the last 14 days
Based on 12 Articles This Week
Insider Trading
Acquiring Shares
C$43,080 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.55 out of 5 stars

TXG stock logo

About Torex Gold Resources (TSE:TXG) Stock

Torex Gold Resources Inc. operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property that covers an area of 29,000 hectares located southwest of Mexico City. The company's principal assets include the El Limón Guajes mining complex comprising the El Limón Guajes open pits, the El Limón Guajes underground mine, and the processing plant and related infrastructure, and the Media Luna deposit, which is an advanced stage development project. It also mines for silver, copper, and carbon deposits. The company was formerly known as Gleichen Resources Ltd. and changed its name to Torex Gold Resources Inc. in April 2010. Torex Gold Resources Inc. was incorporated in 1980 and is headquartered in Toronto, Canada.

Analyst Ratings Changes

Several research analysts have issued reports on TXG shares. TD Securities dropped their target price on Torex Gold Resources from C$31.00 to C$27.00 in a research report on Thursday, July 21st. Scotiabank lifted their price objective on Torex Gold Resources from C$23.00 to C$24.00 in a research report on Friday, August 5th. Canaccord Genuity Group lifted their price objective on Torex Gold Resources from C$23.00 to C$24.00 in a research report on Friday, April 22nd. CIBC lowered their price objective on Torex Gold Resources from C$21.00 to C$20.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 13th. Finally, National Bankshares lifted their price objective on Torex Gold Resources from C$15.00 to C$15.50 and gave the company a "sector perform" rating in a research report on Friday, August 5th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Torex Gold Resources currently has a consensus rating of "Hold" and an average target price of C$21.72.

Torex Gold Resources Price Performance

TSE:TXG traded up C$0.04 during trading hours on Wednesday, reaching C$11.23. The company's stock had a trading volume of 249,379 shares, compared to its average volume of 327,146. The firm's 50-day moving average price is C$10.57 and its 200-day moving average price is C$13.21. The company has a quick ratio of 2.05, a current ratio of 2.97 and a debt-to-equity ratio of 0.32. Torex Gold Resources has a 1 year low of C$8.54 and a 1 year high of C$17.43. The company has a market capitalization of C$964.03 million and a price-to-earnings ratio of 5.59.

Torex Gold Resources (TSE:TXG - Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported C$0.84 EPS for the quarter, topping analysts' consensus estimates of C$0.65 by C$0.19. The business had revenue of C$299.94 million during the quarter. On average, equities research analysts predict that Torex Gold Resources will post 1.49 EPS for the current fiscal year.

Insider Buying and Selling

In other Torex Gold Resources news, Director Rosalie C. Moore purchased 4,000 shares of the stock in a transaction that occurred on Thursday, June 30th. The shares were bought at an average cost of C$10.77 per share, with a total value of C$43,080.00. Following the acquisition, the director now owns 15,794 shares in the company, valued at C$170,101.38.

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TXG Stock News Headlines

Torex Gold Resources (TSE:TXG) Price Target Raised to C$15.50
Torex Gold Resources (TSE:TXG) Trading Up 8.8% on Earnings Beat
Torex Gold Reports Strong 2021 Financial Results
Torex Gold Provides 2022 Guidance for El Limón Guajes
IFM Investors Pty Ltd Buys Pfizer Inc, Salesforce. ...
Torex Gold Delivers Record Annual Production in 2021
NV5 Selected to Join S&P SmallCap 600 Index
SiTime Corporation Joins the S&P MidCap 400 Index
1 No-Brainer TSX Stock With 73% Upside According to Analysts
See More Headlines
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TXG Company Calendar

Last Earnings
8/03/2022
Today
8/11/2022
Next Earnings (Estimated)
11/02/2022

Industry, Sector and Symbol

Industry
Gold
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
852
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$21.72
High Stock Price Forecast
C$27.00
Low Stock Price Forecast
C$15.50
Forecasted Upside/Downside
+95.3%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$832.30 million
Cash Flow
C$3.27 per share
Book Value
C$13.30 per share

Miscellaneous

Free Float
N/A
Market Cap
C$954.59 million
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Ms. Jody L. M. Kuzenko L.L.B. (Age 52)
    CEO, Pres & Non-Independent Director
    Comp: $1.91M
  • Mr. Andrew P. Snowden C.A.
    CPA, Chief Financial Officer
  • Mr. Dave Stefanuto P.Eng.
    Exec. VP of Technical Services & Capital Projects
  • Mr. Daniel James Thomas Rollins C.F.A.
    Sr. VP of Corp. Devel. & Investor Relations
  • Ms. Mary Delores Batoff L.L.B.
    LLB, Gen. Counsel & Corp. Sec.
  • Ms. Angela Mary Robson
    Sr. VP of HR, ESG & Communications
  • Mr. Eric Barry Murphy
    VP of Engineering
  • Dr. Jonathan Gilligan Ph.D.
    VP, Automated Mine Design
  • Mr. Faysal Rodriguez
    Sr. VP of Mexico
  • Mr. Dany Vaiman
    Corp. Controller













TXG Stock - Frequently Asked Questions

Should I buy or sell Torex Gold Resources stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Torex Gold Resources in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" TXG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TXG, but not buy additional shares or sell existing shares.
View TXG analyst ratings
or view top-rated stocks.

What is Torex Gold Resources' stock price forecast for 2022?

6 equities research analysts have issued 1 year price targets for Torex Gold Resources' stock. Their TXG share price forecasts range from C$15.50 to C$27.00. On average, they expect the company's stock price to reach C$21.72 in the next year. This suggests a possible upside of 93.8% from the stock's current price.
View analysts price targets for TXG
or view top-rated stocks among Wall Street analysts.

How have TXG shares performed in 2022?

Torex Gold Resources' stock was trading at C$13.15 at the beginning of the year. Since then, TXG shares have decreased by 14.8% and is now trading at C$11.21.
View the best growth stocks for 2022 here
.

When is Torex Gold Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our TXG earnings forecast
.

How were Torex Gold Resources' earnings last quarter?

Torex Gold Resources Inc. (TSE:TXG) announced its quarterly earnings results on Wednesday, August, 3rd. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.19. The company had revenue of $299.94 million for the quarter.

What other stocks do shareholders of Torex Gold Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Torex Gold Resources investors own include Barrick Gold (GOLD), Detour Gold (DGC), Kinross Gold (K), Tourmaline Oil (TOU), B2Gold (BTO), Eldorado Gold (ELD), First Quantum Minerals (FM), Aurora Cannabis (ACB), Franco-Nevada (FNV) and OceanaGold (OGC).

What is Torex Gold Resources' stock symbol?

Torex Gold Resources trades on the Toronto Stock Exchange (TSX) under the ticker symbol "TXG."

How do I buy shares of Torex Gold Resources?

Shares of TXG stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Torex Gold Resources' stock price today?

One share of TXG stock can currently be purchased for approximately C$11.21.

How much money does Torex Gold Resources make?

Torex Gold Resources (TSE:TXG) has a market capitalization of C$962.31 million and generates C$832.30 million in revenue each year.

How many employees does Torex Gold Resources have?

The company employs 852 workers across the globe.

How can I contact Torex Gold Resources?

Torex Gold Resources' mailing address is 145 King St W Suite 1502, TORONTO, ON M5H 1J8, Canada. The official website for the company is www.torexgold.com. The company can be reached via phone at +1-647-2601505.

This page (TSE:TXG) was last updated on 8/11/2022 by MarketBeat.com Staff

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