Torex Gold Resources (TSE:TXG) Stock Price Expected to Rise, Cormark Analyst Says

Torex Gold Resources (TSE:TXG - Free Report) had its price objective boosted by Cormark from C$46.00 to C$55.00 in a report published on Monday morning,BayStreet.CA reports. Cormark also issued estimates for Torex Gold Resources' Q1 2025 earnings at $0.41 EPS, Q4 2025 earnings at $1.15 EPS and FY2025 earnings at $3.66 EPS.

A number of other research analysts have also recently issued reports on TXG. Royal Bank of Canada raised their price target on shares of Torex Gold Resources from C$44.00 to C$45.00 in a report on Friday, April 4th. BMO Capital Markets raised their target price on shares of Torex Gold Resources from C$36.00 to C$38.00 in a research note on Thursday, February 20th. Raymond James raised their target price on Torex Gold Resources from C$34.00 to C$47.00 in a research note on Friday, April 4th. Finally, CIBC lifted their price objective on shares of Torex Gold Resources from C$36.00 to C$42.00 in a report on Friday, February 21st. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of C$45.19.

Torex Gold Resources Price Performance

Shares of TSE:TXG traded down C$1.00 on Monday, reaching C$47.24. The company's stock had a trading volume of 508,335 shares, compared to its average volume of 326,368. The company has a 50-day simple moving average of C$36.21 and a 200 day simple moving average of C$31.49. The company has a market cap of C$2.86 billion, a P/E ratio of 25.40, a PEG ratio of 0.02 and a beta of 1.34. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00. Torex Gold Resources has a 52-week low of C$18.79 and a 52-week high of C$48.59.

Insider Buying and Selling at Torex Gold Resources

In other Torex Gold Resources news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of Torex Gold Resources stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total value of C$162,898.31. Also, Director Caroline Donally purchased 1,000 shares of the company's stock in a transaction dated Monday, January 20th. The shares were bought at an average price of C$27.91 per share, for a total transaction of C$27,908.00. 0.35% of the stock is currently owned by insiders.

Torex Gold Resources Company Profile

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.