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Daily Stock Opinions and Ratings
Stockchase Opinions

Jon CaseTorex Gold ResourcesTXG.TOCOMMENTMay 30, 2014

Have the development asset, Morales in Mexico, which is a big deposit. Ultimately thinks it will trade at a premium. Right now they are in the midst of developing it. Have raised enough capital that they think they can get into production without having to go back to market, which is good. However, there is going to be a long time line between now and how long it will take for that asset to ultimately deliver cash. You probably have a 12-18 months time horizon where he doesn’t expect the share price to do much. This is typically why he avoids the development stage.

Jon CaseJon Case
No
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$1.22

Stock price when the opinion was issued

$58.17

As of Jun 19, 2026. Market Open.

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BUY

Torex Gold Resources(TXG.TO)

Oct 20, 2023
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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Photo of Stockchase InsightsStockchase InsightsUnlock Rating
$14.43

Stock price when the opinion was issued

$58.17

As of Jun 19, 2026. Market Open.

precious metals
PAST TOP PICK

Torex Gold Resources(TXG.TO)

Feb 23, 2023
(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.

Photo of John ZechnerJohn Zechner
No
Unlock Rating
N/A

Stock price when the opinion was issued

$58.17

As of Jun 19, 2026. Market Open.

precious metals
PAST TOP PICK

Torex Gold Resources(TXG.TO)

Nov 10, 2022
(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.
Photo of Ross HealyRoss Healy
No
Unlock Rating
$11.56

Stock price when the opinion was issued

$58.17

As of Jun 19, 2026. Market Open.

precious metals
BUY

Torex Gold Resources(TXG.TO)

Feb 17, 2022
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.
Photo of Ross HealyRoss HealyUnlock Rating
$15.42

Stock price when the opinion was issued

$58.17

As of Jun 19, 2026. Market Open.

precious metals
TOP PICK

Torex Gold Resources(TXG.TO)

Feb 07, 2022
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.
Photo of John ZechnerJohn Zechner
Owned
Unlock Rating
$13.36

Stock price when the opinion was issued

$58.17

As of Jun 19, 2026. Market Open.

precious metals
TOP PICK

Torex Gold Resources(TXG.TO)

Oct 28, 2021
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)
Photo of Ross HealyRoss Healy
Owned
Unlock Rating
$14.69

Stock price when the opinion was issued

$58.17

As of Jun 19, 2026. Market Open.

precious metals
BUY

Torex Gold Resources(TXG.TO)

Jan 11, 2021
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.
Photo of Ross HealyRoss HealyUnlock Rating
$19.48

Stock price when the opinion was issued

$58.17

As of Jun 19, 2026. Market Open.

precious metals
COMMENT

Torex Gold Resources(TXG.TO)

Nov 06, 2019
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.
Photo of Rick RuleRick RuleUnlock Rating
$19.64

Stock price when the opinion was issued

$58.17

As of Jun 19, 2026. Market Open.

precious metals
BUY

Torex Gold Resources(TXG.TO)

Apr 15, 2019
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.
Photo of Hap (Robert) Sneddon FCSIHap (Robert) Sneddon FCSIUnlock Rating
$13.37

Stock price when the opinion was issued

$58.17

As of Jun 19, 2026. Market Open.

precious metals
PARTIAL BUY

Torex Gold Resources(TXG.TO)

Mar 22, 2019
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.
Photo of Hap (Robert) Sneddon FCSIHap (Robert) Sneddon FCSIUnlock Rating
$17.49

Stock price when the opinion was issued

$58.17

As of Jun 19, 2026. Market Open.

precious metals
TOP PICK

Torex Gold Resources(TXG.TO)

Mar 04, 2019
Gold producer in Mexico. They have a good production level at low cost. There is good exploration upside. (Analysts’ price target is $17.98)
Photo of Jon CaseJon Case
Owned
Unlock Rating
$15.42

Stock price when the opinion was issued

$58.17

As of Jun 19, 2026. Market Open.

precious metals
COMMENT

Torex Gold Resources(TXG.TO)

Apr 03, 2018

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.

Photo of Jaime CarrascoJaime Carrasco
No
Unlock Rating
$8.22

Stock price when the opinion was issued

$58.17

As of Jun 19, 2026. Market Open.

precious metals
DON'T BUY

Torex Gold Resources(TXG.TO)

Mar 06, 2018

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.

Photo of Joe MazumdarJoe MazumdarUnlock Rating
$9.72

Stock price when the opinion was issued

$58.17

As of Jun 19, 2026. Market Open.

precious metals
WEAK BUY

Torex Gold Resources(TXG.TO)

Mar 05, 2018

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.

Photo of Jon CaseJon CaseUnlock Rating
$9.35

Stock price when the opinion was issued

$58.17

As of Jun 19, 2026. Market Open.

precious metals
PAST TOP PICK

Torex Gold Resources(TXG.TO)

Aug 17, 2017

(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.

Photo of Bruce Campbell (1)Bruce Campbell (1)
Owned
Unlock Rating
$19.22

Stock price when the opinion was issued

$58.17

As of Jun 19, 2026. Market Open.

precious metals
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