Analysts Set Target Price for Torex Gold Resources Inc. (TSE:TXG) at C$34.81

Securities analysts have recently provided coverage for Torex Gold Resources Inc. (TSE:TXG). According to the data from MarketBeat, these analysts have given the stock an average recommendation of "Buy." Out of the five analysts who reviewed the stock, four have issued a buy rating while one has given it a strong buy designation. Analysts have an estimated 12-month price target of C$34.81 for Torex Gold Resources.

Several research firms have weighed in on Torex Gold Resources with varying target price adjustments. On October 18th, TD Securities raised their price target from C$34.00 to C$38.00. Scotiabank followed suit, increasing their target from C$33.00 to C$37.00 on November 21st. CIBC made similar adjustments, moving their target from C$33.00 to C$34.50 on December 2nd. On January 7th, Raymond James adjusted their target to C$34.00 from a previous C$33.00. Additionally, Royal Bank of Canada raised their target price from C$34.00 to C$37.00 on December 6th.

Insider Trading Activity

Recent insider activity includes transactions involving the company's stock. On January 20th, Director Caroline Donally acquired 1,000 shares at an average price of C$27.91, amounting to a total investment of C$27,908. Another transaction on January 21st saw Senior Officer Faysal Abhem Rodriguez Valenzuela selling 5,623 shares at an average price of C$28.97, totaling C$162,898.31. In the past three months, insiders have purchased a total of 2,000 shares valued at approximately C$55,927, indicating that insiders own 0.35% of the company's stock.

Performance Overview

Torex Gold Resources has shown promising stock performance. As of Friday, TXG shares opened at C$34.08. The company has a 50-day simple moving average of C$29.33 and a 200-day simple moving average of C$27.40. Key financial ratios include a current ratio of 1.09, a quick ratio of 2.12, and a debt-to-equity ratio of 7.32. Over the past year, the stock has fluctuated with a low of C$12.79 and a high of C$34.39. Currently, the market capitalization for Torex Gold Resources stands at C$2.93 billion, featuring a price-to-earnings ratio of 20.53 and a price-to-earnings growth ratio of 0.02, along with a beta of 1.34.

About Torex Gold Resources

Torex Gold Resources Inc. operates primarily as a gold producer in Mexico. The company holds a 100% interest in the Morelos Gold property, which includes the Morelos Complex, featuring the El Limón Guajes Mine Complex, the Media Luna Project, a processing facility, and associated infrastructure spread across 29,000 hectares, located southwest of Mexico City.

Analysts, Torex, Gold