Cormark Raises Torex Gold Resources (TSE:TXG) Price Target to C$55.00

Torex Gold Resources (TSE:TXG - Free Report) had its target price lifted by Cormark from C$46.00 to C$55.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. Cormark also issued estimates for Torex Gold Resources' Q1 2025 earnings at $0.41 EPS, Q4 2025 earnings at $1.15 EPS and FY2025 earnings at $3.66 EPS.

Other analysts also recently issued reports about the company. CIBC upped their target price on Torex Gold Resources from C$36.00 to C$42.00 in a research report on Friday, February 21st. Royal Bank of Canada upped their price objective on shares of Torex Gold Resources from C$44.00 to C$45.00 in a research report on Friday, April 4th. Raymond James raised their target price on shares of Torex Gold Resources from C$34.00 to C$47.00 in a report on Friday, April 4th. Finally, BMO Capital Markets upped their price target on shares of Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday, February 20th. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Torex Gold Resources presently has an average rating of "Buy" and a consensus target price of C$45.19.

Torex Gold Resources Price Performance

Shares of TSE TXG traded down C$1.00 during midday trading on Monday, reaching C$47.24. The company's stock had a trading volume of 508,335 shares, compared to its average volume of 326,368. The company has a market cap of C$2.86 billion, a P/E ratio of 25.40, a P/E/G ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a fifty-two week low of C$18.79 and a fifty-two week high of C$48.59. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00. The business's 50 day moving average price is C$36.47 and its two-hundred day moving average price is C$31.63.

Insider Activity

In other Torex Gold Resources news, Director Caroline Donally acquired 1,000 shares of Torex Gold Resources stock in a transaction that occurred on Monday, January 20th. The shares were bought at an average price of C$27.91 per share, with a total value of C$27,908.00. Also, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of Torex Gold Resources stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total value of C$162,898.31. 0.35% of the stock is owned by corporate 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.