Torex Gold Resources Inc. engages in the exploration, development, and operation of mineral properties in Mexico.
TXG passed our risk checks.
Solid track record with excellent balance sheet.
Share Price & News
How has Torex Gold Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TXG has not had significant price volatility in the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: TXG exceeded the Canadian Metals and Mining industry which returned 4.8% over the past year.
Return vs Market: TXG exceeded the Canadian Market which returned 4.6% over the past year.
Price Volatility Vs. Market
How volatile is Torex Gold Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StShould You Be Concerned About Torex Gold Resources Inc.'s (TSE:TXG) ROE?
4 weeks ago | Simply Wall StCould The Torex Gold Resources Inc. (TSE:TXG) Ownership Structure Tell Us Something Useful?
1 month ago | Simply Wall StHow Much Did Torex Gold Resources Inc.'s (TSE:TXG) CEO Pocket Last Year?
Is Torex Gold Resources undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TXG (CA$21.52) is trading below our estimate of fair value (CA$31.77)
Significantly Below Fair Value: TXG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TXG is poor value based on its PE Ratio (19.5x) compared to the Metals and Mining industry average (16.5x).
PE vs Market: TXG is poor value based on its PE Ratio (19.5x) compared to the Canadian market (16.2x).
Price to Earnings Growth Ratio
PEG Ratio: TXG is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: TXG is overvalued based on its PB Ratio (1.7x) compared to the CA Metals and Mining industry average (1.6x).
How is Torex Gold Resources forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TXG's forecast earnings growth (16.2% per year) is above the savings rate (1.4%).
Earnings vs Market: TXG's earnings (16.2% per year) are forecast to grow faster than the Canadian market (10.9% per year).
High Growth Earnings: TXG's earnings are forecast to grow, but not significantly.
Revenue vs Market: TXG's revenue (1.9% per year) is forecast to grow slower than the Canadian market (4.8% per year).
High Growth Revenue: TXG's revenue (1.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TXG's Return on Equity is forecast to be low in 3 years time (5%).
How has Torex Gold Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TXG has high quality earnings.
Growing Profit Margin: TXG's current net profit margins (11.1%) are higher than last year (5.2%).
Past Earnings Growth Analysis
Earnings Trend: TXG has become profitable over the past 5 years, growing earnings by 53.9% per year.
Accelerating Growth: TXG's earnings growth over the past year (206.9%) exceeds its 5-year average (53.9% per year).
Earnings vs Industry: TXG earnings growth over the past year (206.9%) exceeded the Metals and Mining industry 11.9%.
Return on Equity
High ROE: TXG's Return on Equity (8.5%) is considered low.
Return on Assets
Return on Capital Employed
How is Torex Gold Resources's financial position?
Financial Position Analysis
Short Term Liabilities: TXG's short term assets ($339.1M) exceed its short term liabilities ($242.6M).
Long Term Liabilities: TXG's short term assets ($339.1M) exceed its long term liabilities ($152.2M).
Debt to Equity History and Analysis
Debt Level: TXG's debt to equity ratio (20.5%) is considered satisfactory.
Reducing Debt: TXG's debt to equity ratio has increased from 6.5% to 20.5% over the past 5 years.
Inventory Level: TXG has a high level of physical assets or inventory.
Debt Coverage by Assets: TXG's debt is covered by short term assets (assets are 2x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: TXG is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: TXG is profitable, therefore cash runway is not a concern.
What is Torex Gold Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TXG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TXG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TXG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TXG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TXG's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Fred Stanford (60yo)
Mr. Frederick M. Stanford, also known as Fred, P.Eng, has been Chief Executive Officer, President and Non-Independent Director of Torex Gold Resources Inc (formerly, Gleichen Resources Ltd) since November ...
CEO Compensation Analysis
Compensation vs Market: Fred's total compensation ($USD2.16M) is about average for companies of similar size in the Canadian market ($USD2.14M).
Compensation vs Earnings: Fred's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||1.8yrs||US$1.97m||0.0059% $108.8k|
|Chief Operating Officer||1.3yrs||US$1.12m||0.0087% $160.1k|
|Vice President of Corporate Development & Investor Relations||1.1yrs||no data||0.0023% $43.0k|
|General Counsel & Corporate Secretary||5.6yrs||no data||0.011% $204.7k|
|Vice President of Human Resources||6.7yrs||US$501.80k||0.00059% $10.8k|
|Vice President||0yrs||no data||no data|
|Vice President||0yrs||no data||no data|
|Corporate Controller||0yrs||no data||no data|
|Community Relations Consultant||0yrs||no data||no data|
Experienced Management: TXG's management team is considered experienced (3.7 years average tenure).
|Independent Director||10.3yrs||US$274.20k||0.099% $1.8m|
|Independent Director||3.5yrs||US$275.88k||0.015% $272.7k|
|Chairman of the Board||10.1yrs||US$343.20k||0.12% $2.2m|
|Independent Director||8.9yrs||US$253.00k||0.038% $702.7k|
|Independent Director||10.3yrs||US$261.75k||0.0092% $170.0k|
|Independent Director||10.3yrs||US$265.00k||0.011% $204.0k|
|Independent Director||11.8yrs||US$261.45k||0.0046% $84.0k|
|Independent Director||3.5yrs||US$266.20k||0.0023% $43.0k|
Experienced Board: TXG's board of directors are seasoned and experienced ( 10.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TXG insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Torex Gold Resources Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Torex Gold Resources Inc.
- Ticker: TXG
- Exchange: TSX
- Founded: 1980
- Industry: Gold
- Sector: Materials
- Market Cap: CA$1.838b
- Shares outstanding: 85.39m
- Website: https://www.torexgold.com
Number of Employees
- Torex Gold Resources Inc.
- Exchange Tower
- Suite 740
- M5X 2A2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TXG||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Jul 1989|
|73GN||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jul 1989|
|TORX.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jul 1989|
|0VL5||LSE (London Stock Exchange)||Yes||Common Shares||GB||CAD||Jul 1989|
Torex Gold Resources Inc. engages in the exploration, development, and operation of mineral properties in Mexico. The company explores for gold, silver, copper, and carbon deposits. It holds a 100% interest in the Morelos Gold property comprising the El Limón Guajes mine and the Media Luna deposit that consists of 7 mineral concessions covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico. The company was formerly known as Gleichen Resources Ltd. and changed its name to Torex Gold Resources Inc. in April 2010. Torex Gold Resources Inc. was founded in 1980 and is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 00:38|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.