Torex Gold Resources Inc. (TSE:TXG - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The stock traded as high as C$39.77 and last traded at C$39.71, with a volume of 131084 shares changing hands. The stock had previously closed at C$38.40.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. CIBC increased their target price on Torex Gold Resources from C$36.00 to C$42.00 in a research report on Friday, February 21st. Raymond James increased their price objective on shares of Torex Gold Resources from C$34.00 to C$47.00 in a report on Friday. BMO Capital Markets lifted 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. Finally, Royal Bank of Canada upped their target price on shares of Torex Gold Resources from C$44.00 to C$45.00 in a research report on Friday. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Torex Gold Resources currently has a consensus rating of "Buy" and an average target price of C$38.86.
View Our Latest Analysis on Torex Gold Resources
Torex Gold Resources Price Performance
The company has a market cap of C$2.23 billion, a P/E ratio of 19.74, a PEG ratio of 0.02 and a beta of 1.34. The firm's 50-day moving average is C$34.13 and its two-hundred day moving average is C$30.41. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12.
Insider Transactions at Torex Gold Resources
In related news, Director Caroline Donally purchased 1,000 shares of the stock in a transaction that occurred on Monday, January 20th. The stock was bought 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 Torex Gold Resources 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
(
Get Free Report)
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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