Torex Gold Resources Inc. (TSE:TXG - Get Free Report)'s share price reached a new 52-week high during trading on Friday after Royal Bank of Canada raised their price target on the stock from C$60.00 to C$65.00. The stock traded as high as C$49.25 and last traded at C$48.91, with a volume of 48498 shares. The stock had previously closed at C$48.29.
TXG has been the subject of a number of other reports. CIBC upgraded Torex Gold Resources from a "neutral" rating to an "outperform" rating and boosted their price target for the company from C$42.00 to C$58.00 in a research note on Monday, April 14th. Cormark upped their target price on shares of Torex Gold Resources from C$46.00 to C$55.00 in a report on Monday, April 14th. 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. Desjardins set a C$60.00 price objective on shares of Torex Gold Resources and gave the company a "buy" rating in a research report on Thursday, June 5th. Finally, Scotiabank upped 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 note on Wednesday, June 4th. Six equities research 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.com, Torex Gold Resources has a consensus rating of "Buy" and an average price target of C$55.00.
View Our Latest Stock Report on Torex Gold Resources
Torex Gold Resources Stock Performance
The stock has a market cap of C$2.79 billion, a P/E ratio of 24.78, a PEG ratio of 0.02 and a beta of 1.34. The firm's 50-day moving average price is C$44.15 and its 200-day moving average price is C$36.04. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12.
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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