Brokerages Set Torex Gold Resources Inc. (TSE:TXG) PT at C$34.81

Torex Gold Resources Inc. (TSE:TXG) has earned a consensus recommendation of “Buy” from the five analysts that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$34.81.

TXG has been the topic of several research reports. Royal Bank of Canada raised their price objective on Torex Gold Resources from C$34.00 to C$37.00 in a report on Friday, December 6th. CIBC upped their price objective on shares of Torex Gold Resources from C$33.00 to C$34.50 in a research note on Monday, December 2nd. Raymond James raised their target price on shares of Torex Gold Resources from C$33.00 to C$34.00 in a research report on Tuesday, January 7th. National Bank Financial raised shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, National Bankshares raised shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$31.25 to C$37.75 in a report on Thursday, October 10th.

Torex Gold Resources Stock Up 4.0 %

Shares of TXG opened at C$29.28 on Wednesday. The firm has a fifty day moving average price of C$28.68 and a 200-day moving average price of C$26.46. The company has a current ratio of 1.09, a quick ratio of 2.12 and a debt-to-equity ratio of 7.32. The firm has a market capitalization of C$2.52 billion, a P/E ratio of 17.64, a P/E/G ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a 12-month low of C$12.79 and a 12-month high of C$32.75.

Torex Gold Resources (TSE:TXG) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.82 by C$0.20. The company had revenue of C$427.96 million during the quarter. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. Equities research analysts expect that Torex Gold Resources will post 3.6254502 earnings per share for the current year.

About Torex Gold Resources

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.