Torex Gold Resources Inc. (TSE:TXG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Torex Gold Resources Inc. (TSE:TXG) have been given an average recommendation of “Hold” by the nine ratings firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$25.28.

A number of brokerages have recently issued reports on TXG. National Bankshares reissued a “hold” rating and set a C$24.00 target price on shares of Torex Gold Resources in a research note on Friday, October 8th. CIBC reissued a “hold” rating and set a C$22.00 target price on shares of Torex Gold Resources in a research note on Friday, October 8th. Royal Bank of Canada reissued a “hold” rating on shares of Torex Gold Resources in a research report on Wednesday, September 8th. National Bank Financial reaffirmed a “sector perform overweight” rating and issued a C$24.00 price target on shares of Torex Gold Resources in a research report on Thursday, September 16th. Finally, Cormark dropped their price objective on shares of Torex Gold Resources from C$25.00 to C$24.00 in a research note on Monday, October 11th.

TSE TXG traded down C$0.18 on Thursday, hitting C$14.64. 87,638 shares of the stock were exchanged, compared to its average volume of 323,845. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.68 and a current ratio of 2.59. The stock has a fifty day moving average price of C$14.19 and a two-hundred day moving average price of C$14.66. The firm has a market capitalization of C$1.25 billion and a P/E ratio of 4.15. Torex Gold Resources has a 52-week low of C$12.21 and a 52-week high of C$21.05.

Torex Gold Resources (TSE:TXG) last posted its quarterly earnings data on Wednesday, November 3rd. The company reported C$0.63 EPS for the quarter, topping the consensus estimate of C$0.42 by C$0.21. Sell-side analysts expect that Torex Gold Resources will post 1.7466086 earnings per share for the current fiscal year.

About Torex Gold Resources

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. The company also explores for silver, copper, and carbon deposits. It holds a 100% interest in the Morelos Gold property comprising of seven mineral concessions covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.

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