FY2023 EPS Estimates for Torex Gold Resources Inc. Lifted by ... - MarketBeat
TXG Stock | CAD 32.03 0.92 2.96% |
About 55% of Torex Gold's investors are presently thinking to get in. The current sentiment regarding investing in Torex Gold Resources stock implies that some traders are interested. Torex Gold's investing sentiment overview a quick insight into current market opportunities from investing in Torex Gold Resources. Many technical investors use Torex Gold Resources stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Torex |
FY2023 EPS Estimates for Torex Gold Resources Inc. Lifted by ... MarketBeat
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Torex Gold Fundamental Analysis
We analyze Torex Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Torex Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Torex Gold based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Book
Price To Book Comparative Analysis
Torex Gold is currently under evaluation in price to book category among its peers. Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Torex Gold Resources Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Torex Gold stock to make a market-neutral strategy. Peer analysis of Torex Gold could also be used in its relative valuation, which is a method of valuing Torex Gold by comparing valuation metrics with similar companies.
Peers
Torex Gold Related Equities
WDO | Wesdome Gold | 2.50 | ||||
EDV | Endeavour Mining | 1.09 | ||||
AGI | Alamos Gold | 0.99 | ||||
OGC | OceanaGold | 0.45 | ||||
CG | Centerra Gold | 1.84 |
Other Information on Investing in Torex Stock
Torex Gold financial ratios help investors to determine whether Torex Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Torex with respect to the benefits of owning Torex Gold security.