Torex Gold Resources (TSE:TXG) PT Set at C$70.00 by National Bankshares

National Bankshares set a C$70.00 price objective on Torex Gold Resources (TSE:TXG - Free Report) in a report issued on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

TXG has been the subject of a number of other reports. Royal Bank of Canada lifted their price objective on shares of Torex Gold Resources from C$50.00 to C$60.00 in a report on Wednesday. Cibc World Mkts upgraded Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. CIBC upgraded Torex Gold Resources from a "neutral" rating to an "outperform" rating and raised their target price for the company from C$42.00 to C$58.00 in a report on Monday, April 14th. BMO Capital Markets raised their target price on Torex Gold Resources from C$44.00 to C$56.00 in a report on Friday, May 2nd. Finally, Desjardins set a C$60.00 target price on Torex Gold Resources and gave the company a "buy" rating in a report on Thursday. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Torex Gold Resources currently has an average rating of "Buy" and an average price target of C$54.50.

Torex Gold Resources Stock Down 1.0%

TSE:TXG traded down C$0.49 on Thursday, hitting C$46.33. The stock had a trading volume of 444,265 shares, compared to its average volume of 328,885. The company has a market cap of C$2.81 billion, a PE ratio of 24.91, a P/E/G ratio of 0.02 and a beta of 1.34. The business's fifty day moving average is C$43.26 and its 200 day moving average is C$35.43. Torex Gold Resources has a 52 week low of C$19.01 and a 52 week high of C$49.07. The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09.

Torex Gold Resources Company Profile

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.