Torex Gold Resources (TSE:TXG) Hits New 12-Month High - Still a Buy?

Torex Gold Resources Inc. (TSE:TXG - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$38.30 and last traded at C$38.26, with a volume of 171136 shares changing hands. The stock had previously closed at C$35.87.

Analyst Upgrades and Downgrades

TXG has been the subject of a number of research reports. Raymond James lifted their price objective on Torex Gold Resources from C$33.00 to C$34.00 in a research report on Tuesday, January 7th. 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 report on Friday, December 6th. CIBC boosted their price target on shares of Torex Gold Resources from C$36.00 to C$42.00 in a research note on Friday, February 21st. Finally, BMO Capital Markets raised their price objective on shares of Torex Gold Resources from C$36.00 to C$38.00 in a research note on Thursday, February 20th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of C$36.53.

Torex Gold Resources Price Performance

The company's 50 day simple moving average is C$33.14 and its 200 day simple moving average is C$29.94. 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 stock has a market cap of C$2.33 billion, a P/E ratio of 20.65, a P/E/G ratio of 0.02 and a beta of 1.34.

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Insider Buying and Selling at Torex Gold Resources

In related news, Director Caroline Donally acquired 1,000 shares of the company's stock in a transaction that occurred on Monday, January 20th. The shares were acquired at an average cost 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 company'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. Insiders own 0.35% of the company's stock.

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.