Analysts Set Torex Gold Resources Inc. (TSE:TXG) Price Target at C$69.20

Shares of Torex Gold Resources Inc. (TSE:TXG) have been given a consensus rating of “Buy” by the six research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$69.20.

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

Torex Gold Resources Stock Performance

Shares of Torex Gold Resources stock opened at C$64.49 on Wednesday. Torex Gold Resources has a 1 year low of C$26.88 and a 1 year high of C$70.00. The firm’s 50-day moving average is C$63.00 and its 200 day moving average is C$53.86. The stock has a market cap of C$6.20 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 0.02 and a beta of 0.83. 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 declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, December 4th were paid a $0.15 dividend. The ex-dividend date was Thursday, November 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.9%.

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.