Torex Gold Resources Inc. (TSE:TXG - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$42.40 and last traded at C$42.15, with a volume of 97549 shares trading hands. The stock had previously closed at C$39.60.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Torex Gold Resources from C$44.00 to C$45.00 in a report on Friday, April 4th. Cormark boosted their price target on Torex Gold Resources from C$46.00 to C$55.00 in a report on Monday. CIBC raised shares of Torex Gold Resources from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from C$42.00 to C$58.00 in a report on Monday. TD Securities raised their price target on shares of Torex Gold Resources from C$39.00 to C$57.00 in a research report on Tuesday. Finally, BMO Capital Markets boosted their price objective on shares of Torex Gold Resources from C$36.00 to C$38.00 in a research report on Thursday, February 20th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$45.19.
Check Out Our Latest Stock Report on Torex Gold Resources
Torex Gold Resources Trading Down 0.0 %
The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00. The stock has a market cap of C$2.66 billion, a P/E ratio of 23.61, a P/E/G ratio of 0.02 and a beta of 1.34. The company has a 50-day simple moving average of C$35.41 and a 200-day simple moving average of C$31.11.
Insider Buying and Selling
In other news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the business's 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 purchased 1,000 shares of the business's stock in a transaction that occurred on Monday, January 20th. The stock was purchased at an average price of C$27.91 per share, for a total transaction of C$27,908.00. 0.35% of the stock is currently owned by corporate insiders.
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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