Torex Gold Resources Inc. (TSE:TXG - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$28.99 and traded as high as C$34.50. Torex Gold Resources shares last traded at C$34.11, with a volume of 306,050 shares changing hands.
Wall Street Analysts Forecast Growth
TXG has been the subject of a number of research reports. BMO Capital Markets lifted their price objective on Torex Gold Resources from C$36.00 to C$38.00 in a research report on Thursday, February 20th. Scotiabank raised their target price on Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. Royal Bank of Canada boosted their target price on Torex Gold Resources from C$34.00 to C$37.00 in a research report on Friday, December 6th. Raymond James boosted their price objective on shares of Torex Gold Resources from C$33.00 to C$34.00 in a report on Tuesday, January 7th. Finally, CIBC increased their target price on shares of Torex Gold Resources from C$36.00 to C$42.00 in a report on Friday, February 21st. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$36.53.
Get Our Latest Report on TXG
Torex Gold Resources Stock Up 3.0 %
The company has a market capitalization of C$2.19 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 0.02 and a beta of 1.34. The firm has a 50-day moving average price of C$31.38 and a two-hundred day moving average price of C$29.15. 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 other Torex Gold Resources news, Director Caroline Donally acquired 1,000 shares of the company's stock in a transaction on Monday, January 20th. The stock was acquired at an average price 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 firm's stock in a transaction that occurred 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. 0.35% of the stock is owned by company insiders.
Torex Gold Resources Company Profile
(
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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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