Torex Gold Resources Inc. (TSE:TXG - Get Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as C$48.59 and last traded at C$48.24, with a volume of 473878 shares traded. The stock had previously closed at C$43.91.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of Torex Gold Resources from C$44.00 to C$45.00 in a research report on Friday, April 4th. TD Securities increased their target price on shares of Torex Gold Resources from C$39.00 to C$57.00 in a research note on Tuesday, April 15th. Cibc World Mkts upgraded Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. CIBC upgraded Torex Gold Resources from a "neutral" rating to an "outperform" rating and lifted their target price for the company from C$42.00 to C$58.00 in a research note on Monday, April 14th. Finally, Raymond James increased their price target on Torex Gold Resources from C$34.00 to C$47.00 in a report on Friday, April 4th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of C$45.19.
Check Out Our Latest Stock Analysis on Torex Gold Resources
Torex Gold Resources Stock Up 0.1 %
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 50 day moving average of C$36.76 and a two-hundred day moving average of C$31.82. The stock has a market capitalization of C$2.95 billion, a PE ratio of 26.15, a P/E/G ratio of 0.02 and a beta of 1.34.
Torex Gold Resources Company Profile
(
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Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.
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