Shares of Torex Gold Resources Inc. (TSE:TXG - Get Free Report) have been assigned a consensus recommendation of "Buy" from the eight analysts that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$50.78.
A number of brokerages have weighed in on TXG. CIBC upgraded shares of Torex Gold Resources from a "neutral" rating to an "outperform" rating and boosted their target price for the company from C$42.00 to C$58.00 in a research note on Monday, April 14th. Cibc World Mkts raised Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Royal Bank of Canada upped their target price on shares of Torex Gold Resources from C$44.00 to C$45.00 in a report on Friday, April 4th. Raymond James lifted their target price on Torex Gold Resources from C$34.00 to C$47.00 in a research report on Friday, April 4th. Finally, Cormark lifted their target price on Torex Gold Resources from C$46.00 to C$55.00 in a research report on Monday, April 14th.
Read Our Latest Stock Analysis on TXG
Torex Gold Resources Stock Up 2.4%
Shares of TXG stock traded up C$1.03 during mid-day trading on Tuesday, hitting C$44.49. The company's stock had a trading volume of 167,409 shares, compared to its average volume of 333,332. Torex Gold Resources has a 52-week low of C$19.01 and a 52-week high of C$49.07. The business has a 50-day moving average price of C$41.78 and a 200 day moving average price of C$34.30. 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 stock has a market cap of C$2.70 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 0.02 and a beta of 1.34.
About Torex Gold Resources
(
Get Free ReportTorex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala.
Featured Stories
Before you consider Torex Gold Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Torex Gold Resources wasn't on the list.
While Torex Gold Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
