Torex Gold Resources (TXG), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Josh Wolfson from Desjardins rated Torex Gold Resources (TXG) a Buy, setting a C$20 price target.
According to TipRanks.com, Wolfson is a 2-star analyst with an average return of 0.0% and a 48.2% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Randgold Resources Limited, and Osisko Gold Royalties Ltd.
Torex Gold Resources has an analyst consensus of Moderate Buy, with a price target consensus of C$16.90.
Based on Torex Gold Resources’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$31.24 million. In comparison, last year the company had a GAAP net loss of C$31.78 million.
Torex Gold Resources, Inc. is a Canadian based resource company, which engages in the exploration and development of precious metal resources with a focus on gold. It holds interest in Morelos gold project. The company was founded on November 13, 1980 and is headquartered in Toronto, Canada.
The company’s shares closed on Monday at C$13.29.
