Torex Gold Resources (TSE:TXG) Hits New 1-Year High - Still a Buy?

Torex Gold Resources Inc. (TSE:TXG - Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$35.82 and last traded at C$35.81, with a volume of 144914 shares trading hands. The stock had previously closed at C$35.12.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Scotiabank raised their price target on Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. Royal Bank of Canada raised their price target on Torex Gold Resources from C$34.00 to C$37.00 in a report on Friday, December 6th. BMO Capital Markets raised their price target on Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday, February 20th. CIBC raised their price objective on Torex Gold Resources from C$36.00 to C$42.00 in a research note on Friday, February 21st. Finally, Raymond James raised their price objective on Torex Gold Resources from C$33.00 to C$34.00 in a research note on Tuesday, January 7th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$36.53.

Torex Gold Resources Stock Down 2.0 %

The stock has a market capitalization of C$2.22 billion, a PE ratio of 19.71, a P/E/G ratio of 0.02 and a beta of 1.34. The firm has a 50 day moving average of C$32.06 and a two-hundred day moving average of C$29.40. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09.

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Insiders Place Their Bets

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 transaction of C$162,898.31. Also, Director Caroline Donally purchased 1,000 shares of the company'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. 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.