Brokerages Set Torex Gold Resources Inc. (TSE:TXG) Target Price at C$36.53

Torex Gold Resources Inc. (TSE:TXG - Get Free Report) has received a consensus rating of "Buy" from the five analysts that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$36.53.

A number of equities analysts recently commented on the company. Raymond James lifted their price objective on Torex Gold Resources from C$33.00 to C$34.00 in a research note on Tuesday, January 7th. Royal Bank of Canada lifted their price objective on Torex Gold Resources from C$34.00 to C$37.00 in a research note on Friday, December 6th. BMO Capital Markets lifted their price objective on Torex Gold Resources from C$36.00 to C$38.00 in a research note on Thursday, February 20th. CIBC lifted their target price on Torex Gold Resources from C$36.00 to C$42.00 in a report on Friday, February 21st. Finally, Scotiabank lifted their target price on Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st.

Insider Activity

In related news, Director Caroline Donally purchased 1,000 shares of the firm's stock in a transaction that occurred 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 business'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. Corporate insiders own 0.35% of the company's stock.

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Torex Gold Resources Trading Up 1.9 %

Shares of Torex Gold Resources stock traded up C$0.59 during midday trading on Thursday, reaching C$32.47. The company had a trading volume of 258,929 shares, compared to its average volume of 272,034. The stock has a fifty day moving average price of C$30.91 and a 200 day moving average price of C$28.86. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12. The firm has a market cap of C$1.97 billion, a PE ratio of 17.46, a P/E/G ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a fifty-two week low of C$17.00 and a fifty-two week high of C$35.89.

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.