Torex Gold Resources (TSE:TXG - Get Free Report) received a C$60.00 price objective from Desjardins in a report released on Thursday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' price target points to a potential upside of 29.51% from the stock's current price.
Several other research firms have also issued reports on TXG. CIBC raised Torex Gold Resources from a "neutral" rating to an "outperform" rating and upped their target price for the company from C$42.00 to C$58.00 in a report on Monday, April 14th. Royal Bank of Canada upped their target price on Torex Gold Resources from C$50.00 to C$60.00 in a report on Wednesday. Scotiabank upped their target price on Torex Gold Resources from C$48.00 to C$50.00 and gave the company an "outperform" rating in a report on Wednesday. National Bankshares upped their target price on Torex Gold Resources from C$61.50 to C$70.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, BMO Capital Markets upped their target price on Torex Gold Resources from C$44.00 to C$56.00 in a report on Friday, May 2nd. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$54.50.
Check Out Our Latest Report on Torex Gold Resources
Torex Gold Resources Stock Down 1.0%
Shares of Torex Gold Resources stock traded down C$0.49 on Thursday, hitting C$46.33. The company had a trading volume of 444,265 shares, compared to its average volume of 328,885. The stock has a market capitalization of C$2.81 billion, a price-to-earnings ratio of 24.91, a P/E/G ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a 1 year low of C$19.01 and a 1 year high of C$49.07. The stock has a 50 day moving average of C$43.26 and a 200-day moving average of C$35.38. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00.
About Torex Gold Resources
(
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Torex 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.
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