Torex Gold Resources (TSE:TXG) Given a C$70.00 Price Target at National Bankshares

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

Other equities analysts have also issued reports about the company. BMO Capital Markets raised their price target on Torex Gold Resources from C$44.00 to C$56.00 in a report on Friday, May 2nd. Scotiabank increased their price objective on Torex Gold Resources from C$48.00 to C$50.00 and gave the stock an "outperform" rating in a research report on Wednesday. Cormark increased their price objective on Torex Gold Resources from C$46.00 to C$55.00 in a research report on Monday, April 14th. TD Securities increased their price objective on Torex Gold Resources from C$39.00 to C$57.00 in a research report on Tuesday, April 15th. Finally, CIBC upgraded Torex Gold Resources from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from C$42.00 to C$58.00 in a research report on Monday, April 14th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$54.50.

Torex Gold Resources Stock Performance

Shares of Torex Gold Resources stock traded down C$0.49 during trading hours on Thursday, reaching C$46.33. The company had a trading volume of 444,265 shares, compared to its average volume of 328,885. Torex Gold Resources has a one year low of C$19.01 and a one year high of C$49.07. The business has a fifty day simple moving average of C$43.26 and a 200 day simple moving average of C$35.38. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12. The firm has a market cap of C$2.81 billion, a PE ratio of 24.91, a price-to-earnings-growth 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.