Torex Gold Resources Inc. (TSE:TXG) Given Consensus Rating of “Hold” by Brokerages

Torex Gold Resources Inc. (TSE:TXG – Get Rating) has been assigned an average rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$21.31.

A number of equities research analysts recently weighed in on the company. Scotiabank decreased their price objective on Torex Gold Resources from C$24.00 to C$23.00 in a research note on Tuesday, September 27th. TD Securities decreased their price objective on Torex Gold Resources from C$31.00 to C$27.00 in a research note on Thursday, July 21st. Finally, National Bankshares upped their price objective on Torex Gold Resources from C$15.00 to C$15.50 and gave the stock a “sector perform” rating in a research note on Friday, August 5th.

Torex Gold Resources Stock Performance

Shares of Torex Gold Resources stock opened at C$9.84 on Friday. The stock’s fifty day moving average is C$9.93 and its two-hundred day moving average is C$11.68. The company has a market capitalization of C$844.70 million and a PE ratio of 4.24. The company has a quick ratio of 2.21, a current ratio of 3.17 and a debt-to-equity ratio of 0.36. Torex Gold Resources has a 52 week low of C$8.07 and a 52 week high of C$17.43.

Torex Gold Resources (TSE:TXG – Get Rating) last issued its earnings results on Wednesday, August 3rd. The company reported C$0.84 earnings per share for the quarter, topping the consensus estimate of C$0.65 by C$0.19. The firm had revenue of C$299.94 million during the quarter. As a group, analysts expect that Torex Gold Resources will post 1.5663414 earnings per share for the current year.

Torex Gold Resources Company Profile

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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.

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