Torex Gold Resources (TSE:TXG) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Torex Gold Resources (TSE:TXG - Get Free Report) had its price objective boosted by research analysts at Royal Bank of Canada from C$60.00 to C$65.00 in a note issued to investors on Thursday,BayStreet.CA reports. Royal Bank of Canada's price objective would suggest a potential upside of 32.76% from the stock's current price.

A number of other equities analysts also recently issued reports on TXG. Cibc World Mkts raised shares of Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Raymond James upped their target price on shares of Torex Gold Resources from C$34.00 to C$47.00 in a research report on Friday, April 4th. TD Securities lifted their price target on shares of Torex Gold Resources from C$39.00 to C$57.00 in a research report on Tuesday, April 15th. Scotiabank upped their price objective on shares of Torex Gold Resources from C$48.00 to C$50.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, Cormark lifted their target price on shares of Torex Gold Resources from C$46.00 to C$55.00 in a report on Monday, April 14th. 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 MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$55.00.

Torex Gold Resources Trading Up 1.4%

Shares of TXG stock traded up C$0.67 on Thursday, hitting C$48.96. 34,591 shares of the company's stock traded hands, compared to its average volume of 324,439. The company's fifty day simple moving average is C$43.90 and its 200 day simple moving average is C$35.85. Torex Gold Resources has a one year low of C$19.01 and a one year high of C$49.25. The stock has a market capitalization of C$2.97 billion, a price-to-earnings ratio of 26.32, a P/E/G ratio of 0.02 and a beta of 1.34. 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

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.