Analysts Set Torex Gold Resources Inc. (TSE:TXG) PT at C$55.00

Shares of Torex Gold Resources Inc. (TSE:TXG) have been given an average rating of “Buy” by the eight analysts that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$55.00.

A number of brokerages have recently issued reports on TXG. TD Securities upped their target price on shares of Torex Gold Resources from C$39.00 to C$57.00 in a research note on Tuesday, April 15th. Raymond James upped their price objective on Torex Gold Resources from C$34.00 to C$47.00 in a research note on Friday, April 4th. Royal Bank of Canada lifted their target price on Torex Gold Resources from C$60.00 to C$65.00 in a research report on Thursday, June 12th. CIBC upgraded Torex Gold Resources from a “neutral” rating to an “outperform” rating and boosted their price target for the company from C$42.00 to C$58.00 in a report on Monday, April 14th. Finally, National Bankshares set a C$70.00 price target on Torex Gold Resources and gave the company an “outperform” rating in a research report on Thursday, June 5th.

Torex Gold Resources Stock Down 4.7%

TXG stock opened at C$46.08 on Friday. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. The firm has a 50 day simple moving average of C$44.35 and a 200-day simple moving average of C$36.16. The company has a market capitalization of C$2.79 billion, a P/E ratio of 24.78, a PEG ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a twelve month low of C$19.01 and a twelve month high of C$49.25.

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.