Torex Gold Resources Inc. (TSE:TXG - Get Free Report)'s stock price reached a new 52-week high on Friday after Royal Bank of Canada raised their price target on the stock from C$60.00 to C$65.00. The company 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.
A number of other research firms also recently weighed in on TXG. CIBC raised Torex Gold Resources from a "neutral" rating to an "outperform" rating and upped their price target for the stock from C$42.00 to C$58.00 in a research report on Monday, April 14th. TD Securities upped their price objective on Torex Gold Resources from C$39.00 to C$57.00 in a research note on Tuesday, April 15th. Cormark upped their price objective on Torex Gold Resources from C$46.00 to C$55.00 in a research note on Monday, April 14th. Desjardins set a C$60.00 price objective on Torex Gold Resources and gave the stock a "buy" rating in a research note on Thursday, June 5th. Finally, National Bankshares set a C$70.00 price objective on Torex Gold Resources and gave the stock an "outperform" rating in a research note on Thursday, June 5th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$55.00.
View Our Latest Analysis on Torex Gold Resources
Torex Gold Resources Trading Up 0.1%
The business has a 50 day moving average of C$44.15 and a two-hundred day moving average of C$35.94. 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$2.93 billion, a P/E ratio of 25.99, a PEG ratio of 0.02 and a beta of 1.34.
Torex Gold Resources Company Profile
(
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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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