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

Torex Gold Resources Inc. (TSE:TXGGet Rating) has received an average recommendation of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$20.38.

A number of equities analysts recently commented on TXG shares. Scotiabank lifted their price objective on Torex Gold Resources from C$18.00 to C$19.00 in a research note on Thursday, November 10th. CIBC decreased their price target on Torex Gold Resources from C$20.00 to C$16.50 and set a “neutral” rating for the company in a report on Thursday, November 10th. Finally, National Bankshares upped their price target on Torex Gold Resources from C$15.00 to C$15.50 and gave the company a “sector perform” rating in a research report on Monday, November 14th.

Torex Gold Resources Stock Performance

Torex Gold Resources stock opened at C$16.02 on Friday. Torex Gold Resources has a 12-month low of C$8.07 and a 12-month high of C$17.43. The company has a quick ratio of 2.12, a current ratio of 3.02 and a debt-to-equity ratio of 0.25. The business’s 50-day moving average price is C$11.92 and its two-hundred day moving average price is C$10.77. The stock has a market cap of C$1.38 billion and a PE ratio of 6.88.

Torex Gold Resources (TSE:TXGGet Rating) last released its quarterly earnings results on Wednesday, November 9th. The company reported C$0.52 earnings per share for the quarter, topping the consensus estimate of C$0.43 by C$0.09. The firm had revenue of C$273.10 million for the quarter. As a group, analysts expect that Torex Gold Resources will post 1.39 earnings per share for the current fiscal year.

About Torex Gold Resources

(Get Rating)

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property that covers an area of 29,000 hectares located southwest of Mexico City. The company’s principal assets include the El Limón Guajes mining complex comprising the El Limón Guajes open pits, the El Limón Guajes underground mine, and the processing plant and related infrastructure, and the Media Luna deposit, which is an advanced stage development project.

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Analyst Recommendations for Torex Gold Resources (TSE:TXG)

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