Torex Gold Resources (TSE:TXG) Price Target Raised to C$57.00 at TD Securities

Torex Gold Resources (TSE:TXG - Free Report) had its target price raised by TD Securities from C$39.00 to C$57.00 in a research report released on Tuesday morning,BayStreet.CA reports.

Other research analysts have also issued reports about the company. BMO Capital Markets lifted their target price on Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday, February 20th. CIBC raised shares of Torex Gold Resources from a "neutral" rating to an "outperform" rating and increased their target price for the company from C$42.00 to C$58.00 in a research report on Monday. Raymond James lifted their price target on Torex Gold Resources from C$34.00 to C$47.00 in a research report on Friday, April 4th. Cormark upped their target price on shares of Torex Gold Resources from C$46.00 to C$55.00 in a report on Monday. Finally, Royal Bank of Canada increased their price target on Torex Gold Resources from C$44.00 to C$45.00 in a report on Friday, April 4th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$45.19.

Torex Gold Resources Trading Down 2.1 %

Torex Gold Resources stock traded down C$1.00 during midday trading on Tuesday, reaching C$47.24. 508,335 shares of the stock traded hands, compared to its average volume of 326,368. The company has a 50-day simple moving average of C$36.21 and a two-hundred day simple moving average of C$31.49. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. Torex Gold Resources has a 12-month low of C$18.79 and a 12-month high of C$48.59. The firm has a market cap of C$2.86 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34.

Insider Activity at Torex Gold Resources

In related news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of Torex Gold Resources stock in a transaction dated 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 Torex Gold Resources stock in a transaction that occurred on Monday, January 20th. The shares were purchased at an average cost of C$27.91 per share, for a total transaction of C$27,908.00. 0.35% of the stock is currently owned by company 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.