Torex Gold Resources Inc. (TSE:TXG) Receives C$72.60 Average PT from Analysts

Torex Gold Resources Inc. (TSE:TXG) has received an average rating of “Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$77.10.

Several research analysts recently commented on TXG shares. Royal Bank Of Canada boosted their price objective on shares of Torex Gold Resources from C$77.00 to C$94.00 in a research note on Wednesday, December 10th. National Bankshares decreased their price objective on 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 objective on 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. TD Securities boosted their target price on Torex Gold Resources from C$78.00 to C$96.00 in a research note on Thursday, January 22nd. Finally, Scotiabank increased their price target on Torex Gold Resources from C$72.00 to C$95.00 in a research note on Monday, January 26th.

Torex Gold Resources Price Performance

Shares of TXG stock opened at C$65.54 on Friday. Torex Gold Resources has a 1-year low of C$30.66 and a 1-year high of C$84.61. The stock’s 50-day moving average is C$68.29 and its 200 day moving average is C$58.05. The company has a market cap of C$6.30 billion, a P/E ratio of 19.28, a PEG ratio of 0.02 and a beta of 1.28. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12.

Torex Gold Resources Announces Dividend

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 $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend 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.