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Torex Gold Resources (TXG) Stock Forecast & Price Target

Torex Gold Resources logo
C$28.20 -0.39 (-1.36%)
(As of 12/20/2024 05:18 PM ET)

Torex Gold Resources - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
0
Buy
5

Based on 5 Wall Street analysts who have issued ratings for Torex Gold Resources in the last 12 months, the stock has a consensus rating of "Buy." Out of the 5 analysts, 4 have given a buy rating, and 1 has given a strong buy rating for TXG.

Consensus Price Target

C$34.03
20.67% Upside
According to the 5 analysts' twelve-month price targets for Torex Gold Resources, the average price target is C$34.03. The highest price target for TXG is C$38.00, while the lowest price target for TXG is C$27.00. The average price target represents a forecasted upside of 20.67% from the current price of C$28.20.
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TXG Analyst Ratings Over Time

TypeCurrent Forecast
12/22/23 to 12/21/24
1 Month Ago
11/22/23 to 11/21/24
3 Months Ago
9/23/23 to 9/22/24
1 Year Ago
12/22/22 to 12/22/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
1 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$34.03C$32.75C$30.17C$23.42
Forecasted Upside20.67% Upside5.07% Upside17.88% Upside49.15% Upside
Consensus Rating
Buy
Buy
Moderate Buy
Moderate Buy

TXG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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TXG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Torex Gold Resources Stock vs. The Competition

TypeTorex Gold ResourcesBasic Materials Companies
Consensus Rating Score
3.20
2.76
Consensus RatingBuyModerate Buy
News Sentiment Rating
Neutral News

See Recent TXG News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/6/2024Royal Bank of Canada
4 of 5 stars
 Boost TargetC$34.00 ➝ C$37.00+33.57%
12/2/2024CIBC
3 of 5 stars
 Boost TargetC$33.00 ➝ C$34.50+18.23%
11/21/2024Scotiabank
5 of 5 stars
E. Winmill
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Boost TargetC$33.00 ➝ C$37.00+20.72%
10/18/2024TD Securities
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 Boost TargetC$34.00 ➝ C$38.00+22.54%
10/10/2024National Bankshares
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 UpgradeSector Perform ➝ OutperformC$31.25 ➝ C$37.75+31.81%
10/9/2024National Bank Financial
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D. Demarco
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UpgradeHold ➝ Strong-Buy
9/10/2024BMO Capital Markets
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 Boost TargetOutperformC$29.00 ➝ C$30.00+22.70%
9/6/2024Cormark
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 Boost TargetC$30.00 ➝ C$33.00+38.71%
7/23/2024Canaccord Genuity Group
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 Boost TargetC$30.50 ➝ C$32.00+45.92%
6/7/2024Raymond James
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 Set TargetOutperformC$27.00+29.87%
1/13/2023Stifel Nicolaus
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 Boost TargetC$21.50 ➝ C$22.00+20.15%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:02 PM ET.


TXG Forecast - Frequently Asked Questions

According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Torex Gold Resources is C$34.03, with a high forecast of C$38.00 and a low forecast of C$27.00.

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Torex Gold Resources in the last year. There are currently 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" TXG shares.

According to analysts, Torex Gold Resources's stock has a predicted upside of 20.67% based on their 12-month stock forecasts.

Over the previous 90 days, Torex Gold Resources's stock had 2 upgrades by analysts.

Torex Gold Resources has been rated by research analysts at CIBC, National Bank Financial, National Bankshares, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.

Analysts like Torex Gold Resources more than other "basic materials" companies. The consensus rating for Torex Gold Resources is Buy while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how TXG compares to other companies.


This page (TSE:TXG) was last updated on 12/21/2024 by MarketBeat.com Staff
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