Torex Gold Resources Inc. (TSE:TXG) Receives Consensus Rating of “Buy” from Brokerages

Shares of Torex Gold Resources Inc. (TSE:TXG) have been given a consensus recommendation of “Buy” by the six analysts 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 twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$72.60.

TXG has been the subject of a number of research analyst reports. TD Securities upped their price target on Torex Gold Resources from C$78.00 to C$96.00 in a report on Thursday. Canaccord Genuity Group upped their target price on shares of Torex Gold Resources from C$64.00 to C$77.00 in a research note on Thursday, October 2nd. National Bankshares reduced their price target on shares of Torex Gold Resources from C$90.00 to C$85.00 and set an “outperform” rating for the company in a report on Tuesday, December 9th. CIBC raised their price target on shares of Torex Gold Resources from C$66.00 to C$90.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Finally, Royal Bank Of Canada upped their price objective on shares of Torex Gold Resources from C$77.00 to C$94.00 in a research report on Wednesday, December 10th.

Torex Gold Resources Price Performance

TSE TXG opened at C$80.01 on Friday. The stock has a 50-day simple moving average of C$66.79 and a 200 day simple moving average of C$56.88. Torex Gold Resources has a twelve month low of C$28.97 and a twelve month high of C$81.36. The stock has a market capitalization of C$7.70 billion, a PE ratio of 23.53, a P/E/G ratio of 0.02 and a beta of 1.28. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00.

Torex Gold Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, December 4th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.60 annualized dividend and a yield of 0.7%.

About Torex Gold Resources

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.