Torex Gold Resources Inc. (TSE:TXG - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as C$34.34 and last traded at C$33.30, with a volume of 241527 shares. The stock had previously closed at C$33.15.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. CIBC increased their price objective on shares of Torex Gold Resources from C$33.00 to C$34.50 in a research report on Monday, December 2nd. Royal Bank of Canada lifted their price target on shares of Torex Gold Resources from C$34.00 to C$37.00 in a research note on Friday, December 6th. Scotiabank raised their target price on Torex Gold Resources from C$33.00 to C$37.00 in a research note on Thursday, November 21st. Raymond James boosted their price target on Torex Gold Resources from C$33.00 to C$34.00 in a research note on Tuesday, January 7th. Finally, TD Securities raised their price objective on Torex Gold Resources from C$34.00 to C$38.00 in a research note on Friday, October 18th. Four investment 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, the company presently has an average rating of "Buy" and a consensus price target of C$34.81.
Get Our Latest Stock Analysis on TXG
Torex Gold Resources Trading Up 2.3 %
The company has a current ratio of 1.09, a quick ratio of 2.12 and a debt-to-equity ratio of 7.32. The company has a market cap of C$2.93 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The firm has a 50-day moving average price of C$29.24 and a 200 day moving average price of C$27.35.
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 the firm'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. Also, Director Caroline Donally purchased 1,000 shares of the stock in a transaction dated Monday, January 20th. The shares were purchased at an average price of C$27.91 per share, with a total value of C$27,908.00. Insiders acquired a total of 2,000 shares of company stock worth $55,927 over the last 90 days. Insiders own 0.35% of the company's stock.
About Torex Gold Resources
(
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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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