Torex Gold Resources (TSE:TXG) Price Target Raised to C$47.00 at Raymond James

Torex Gold Resources (TSE:TXG - Free Report) had its target price raised by Raymond James from C$34.00 to C$47.00 in a research note published on Friday,BayStreet.CA reports.

Other research analysts have also issued reports about the company. Royal Bank of Canada increased their price objective on Torex Gold Resources from C$44.00 to C$45.00 in a research report on Friday, April 4th. BMO Capital Markets increased their price target on Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday, February 20th. Finally, CIBC raised their price objective on Torex Gold Resources from C$36.00 to C$42.00 in a research report on Friday, February 21st. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$38.86.

Torex Gold Resources Trading Up 4.5 %

TSE:TXG traded up C$1.62 on Friday, hitting C$37.58. The stock had a trading volume of 378,106 shares, compared to its average volume of 309,239. The company has a fifty day moving average price of C$34.53 and a two-hundred day moving average price of C$30.59. Torex Gold Resources has a 1-year low of C$18.79 and a 1-year high of C$40.27. The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09. The stock has a market cap of C$2.28 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 0.02 and a beta of 1.34.

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Insider Buying and Selling

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

About Torex Gold Resources

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.