Torex Gold Resources (TXG.TO) Buy, Sell or Hold

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Torex Gold Resources (TXG.TO)

58.17

-2.56 (4.22%)

as of Jun 19, 2026, 8:00:00 pm Market Open.

29 watching

BUY

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

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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PAST TOP PICK

(A Top Pick Feb 07/22, Up 17%)

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.

PAST TOP PICK

(A Top Pick Oct 28/21, Down 23%) Inflation does things for gold in spasms, and we haven't had one for a while. Stock's cheap. Bullion being sucked up by the central banks. Can't fight that demand forever. Could be close to an explosive move in gold and silver price.

BUY

Very bullish on the price of gold, has a long way to go. If you go back to 1972-73, which was another peak market, gold tended to do very well. He'd expect the same now. Big setback from 2x book value. FMV is $29. All these gold stocks should be pulled up with the gold price and have a very good year or two.

TOP PICK

3X operating cash flow. Just one gold production asset in Mexico but has exploration plays as well. Cheap stock in an area that is ignored and has potential. 6 Buys, 4 Holds, 0 Sells.

TOP PICK

Really cheap. Very strong balance sheet. Excellent FMV. Almost down to its long-term low. Great upside potential. No dividend. (Analysts’ price target is $25.21)

BUY

He feels its fair market value is more than 100% above its current price. This is a reasonable target given what has happened in the sector over the last 10 years. See his comments on gold stocks today.

COMMENT

They've had two amazing quarters, but have had sociological and operational problems in western Mexico. Investors should have tight trailing stops to protect against any stock downside. The stock has ripped in the last 2 quarters.

BUY

The biggest influence on gold is going to be the US$. Gold rolled over to about the $1290 range. You should get a bit of a spike back up. There tends to be a bump down in gold in May. We had a pretty big down move in the last couple of weeks. We are oversold on some indicators. It could stay down here for a bit as it did for all of 2017. It is back into the loop now and we just started to see some outperformance to the TSX.

PARTIAL BUY

Once it got above $12, it started basing. And now it's started to turn up. Big move up to $17. Market will be interested around the $20 level, so it may go sideways there. If you don't have gold, this wouldn't be the first place to start, but you could pick up 1% or less than a 5% position.

TOP PICK

Gold producer in Mexico. They have a good production level at low cost. There is good exploration upside. (Analysts’ price target is $17.98)

COMMENT

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.

DON'T BUY

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.

WEAK BUY

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.

PAST TOP PICK

(Top Pick Jul 12/16, Down 22.42%) They are in Mexico and are a low cost producer. They have higher grade material they have discovered that won’t come on stream for a couple of quarters. They showed an earnings miss a couple of quarters ago and it makes this a great entry point. This is his only gold holding.

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Torex Gold Resources (TXG.TO) Frequently Asked Questions

What is Torex Gold Resources stock symbol?

Torex Gold Resources is a Canadian stock, trading under the symbol TXG.TO (previously TXG-T on Stockchase) on the Toronto Stock Exchange (TXG-CT). It is usually referred to as TSX:TXG or TXG.TO

Is Torex Gold Resources a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on TXG.TO (previously TXG-T on Stockchase) on Stockchase. Read the latest expert commentary for Torex Gold Resources.

Is Torex Gold Resources a good investment or a top pick?

Torex Gold Resources was recommended as a Top Pick by Bruce Campbell (1) on 2017-08-17. 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 Torex Gold Resources.

Is Torex Gold Resources worth watching?

Torex Gold Resources is followed by 29 investors on Stockchase and is a trending stock that is worth watching.

What is Torex Gold Resources stock price?

On 2026-06-19, Torex Gold Resources (TXG.TO) stock closed at a price of $58.17.

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Torex Gold Resources (TXG.TO)