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

Shares of Torex Gold Resources Inc. (TSE:TXG) have earned a consensus recommendation of “Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$69.20.

TXG has been the topic of several recent research reports. National Bankshares decreased their price objective on shares of Torex Gold Resources from C$90.00 to C$85.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 9th. Royal Bank Of Canada lifted their target price on shares of Torex Gold Resources from C$77.00 to C$94.00 in a research report on Wednesday, December 10th. Canaccord Genuity Group increased their price target on shares of Torex Gold Resources from C$64.00 to C$77.00 in a research report on Thursday, October 2nd. Finally, CIBC raised their price objective on shares of Torex Gold Resources from C$66.00 to C$90.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd.

Torex Gold Resources Stock Up 1.6%

TXG opened at C$66.83 on Wednesday. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00. The company has a market cap of C$6.43 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 0.02 and a beta of 0.83. Torex Gold Resources has a one year low of C$26.88 and a one year high of C$70.00. The business’s fifty day moving average is C$62.65 and its two-hundred day moving average is C$53.57.

Torex Gold Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, December 4th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, November 20th.

Torex Gold Resources Company Profile

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala. Within this property, the company has two assets: the El Limon-Guajes Mine, an open pit gold deposit located north of the Balsas river, and the Media Luna Project, which is at an advanced stage of exploration.