Torex Gold Resources (TSE:TXG) Given a C$60.00 Price Target by Desjardins Analysts

Torex Gold Resources (TSE:TXG - Get Free Report) has been assigned a C$60.00 target price by stock analysts at Desjardins in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' price target would suggest a potential upside of 29.51% from the company's previous close.

Several other brokerages have also recently commented on TXG. BMO Capital Markets lifted their price target on shares of Torex Gold Resources from C$44.00 to C$56.00 in a research report on Friday, May 2nd. Cibc World Mkts upgraded shares of Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Cormark boosted their price objective on shares of Torex Gold Resources from C$46.00 to C$55.00 in a report on Monday, April 14th. CIBC upgraded shares of Torex Gold Resources from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from C$42.00 to C$58.00 in a report on Monday, April 14th. Finally, Royal Bank of Canada boosted their price objective on shares of Torex Gold Resources from C$50.00 to C$60.00 in a report on Wednesday. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$54.50.

Torex Gold Resources Trading Down 1.0%

Shares of TSE:TXG traded down C$0.49 during trading on Thursday, hitting C$46.33. 444,265 shares of the company's stock were exchanged, compared to its average volume of 328,885. Torex Gold Resources has a 1-year low of C$19.01 and a 1-year high of C$49.07. The firm has a 50-day moving average price of C$43.26 and a two-hundred day moving average price of C$35.43. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. The firm has a market cap of C$2.81 billion, a P/E ratio of 24.91, a PEG ratio of 0.02 and a beta of 1.34.

About Torex Gold Resources

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.