Torex Gold Resources (TSE:TXG - Get Free Report) had its price target upped by research analysts at Royal Bank of Canada from C$44.00 to C$45.00 in a research note issued to investors on Friday,BayStreet.CA reports. Royal Bank of Canada's price target would suggest a potential upside of 19.74% from the stock's previous close.
Several other research firms have also recently weighed in on TXG. CIBC boosted their target price on Torex Gold Resources from C$36.00 to C$42.00 in a research note on Friday, February 21st. Raymond James boosted their price objective on shares of Torex Gold Resources from C$33.00 to C$34.00 in a research report on Tuesday, January 7th. Finally, BMO Capital Markets increased their target price on shares of Torex Gold Resources from C$36.00 to C$38.00 in a research report on Thursday, February 20th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of C$38.86.
View Our Latest Report on Torex Gold Resources
Torex Gold Resources Stock Up 4.5 %
TSE TXG traded up C$1.62 during trading on Friday, reaching C$37.58. 378,106 shares of the company's stock were exchanged, compared to its average volume of 309,239. The company has a 50 day moving average price of C$34.53 and a two-hundred day moving average price of C$30.59. The stock has a market cap of C$2.28 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. 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 debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00.
Insider Transactions at Torex Gold Resources
In other Torex Gold Resources news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the company's 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 transaction of C$162,898.31. Also, Director Caroline Donally acquired 1,000 shares of the firm's stock in a transaction on Monday, January 20th. The shares were bought at an average cost of C$27.91 per share, with a total value of C$27,908.00. Insiders own 0.35% of the company's stock.
Torex Gold Resources Company Profile
(
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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.
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