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Torex Gold Resources (TXG-T)
TSE:TXG
31.17
1.30
(4.35%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Most Anticipated Earnings: IAG-T, BDT-T and more Canadian Companies Reporting Earnings this Week (Nov 04-08)Weekly 52-Week Low (or 52-Week High): BDT-T, BN-T, YES-X, SPB-T and More 52-Week Highs and Lows (Oct 09-15)BoC cuts again, but markets flatThis summary was created by AI, based on 1 opinions in the last 12 months.
Experts are optimistic about Torex Gold Resources, expecting further gains from gold and considering the stock to be undervalued. They see potential in the company's mines located in Mexico and believe that it presents a buying opportunity due to the discount to net asset value and low cash flow multiple, offering a margin of safety for investors.
$21.200
Owned
At 5X earnings, TXG is very cheap indeed. While it is down 7% in 2023, it is still up 55% over 52 weeks, so may just be consolidating prior gains. Revenue is ramping nicely; EPS is being impacted by inflation and other factors and is expected to decline in 2024. The last quarter was ahead of estimates, but estimates have been ticking down. It has $320M net cash so is in excellent financial shape. Cash flow generation is good. We think it is certainly attractive on valuation, and its cash helps provide some comfort. We would see it as buyable.
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One mine is winding down, but another is ramping up production. Well funded, cash on the balance sheet. No debt. Trading at 3-4x operating cashflow. He took profits when it ran up.
Some of their Mexico properties have geo-politcal risk, though he likes Mexico as a whole to mine. They have cash and are getting this Mexico mine into production. They just had an EPS miss. This could be a buying opportunity.
Great deposit. Had some start-up issues but solved them. Issues now with safety and work blockages in Guerrero, Mexico, which is a tough place. Things they can't control are killing them.
He loves their asset. Open pit in Mexico. It is extremely cheap on a valuation basis. Striking workers blocked the entrance to the mine, shutting it down. They have quite a bit of debt. You want to manage your risk by having it as part of a larger basket of these equities.
Torex Gold Resources(TXG-T) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Torex Gold Resources(TXG-T) Frequently Asked Questions
What is Torex Gold Resources stock symbol?
Torex Gold Resources is a Canadian stock, trading under the symbol TXG-T on the Toronto Stock Exchange (TXG-CT). It is usually referred to as TSX:TXG or TXG-T
Is Torex Gold Resources a buy or a sell?
In the last year, there was no coverage of Torex Gold Resources published on Stockchase.
Is Torex Gold Resources a good investment or a top pick?
Torex Gold Resources was recommended as a Top Pick by on . Read the latest stock experts ratings for Torex Gold Resources.
Why is Torex Gold Resources stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Torex Gold Resources worth watching?
0 stock analysts on Stockchase covered Torex Gold Resources In the last year. It is a trending stock that is worth watching.
What is Torex Gold Resources stock price?
On 2024-11-21, Torex Gold Resources (TXG-T) stock closed at a price of $31.17.
Expecting further gains from gold. Gold stocks have not followed run up in gold, which presents buying opportunity. Discount to net asset value, and low cash flow multiple good for margin of safety investors. Mines located in Mexico have a lot of opportunity - lots of gold to produce. Expecting to maintain ~450,000 ounces of gold production going forward.