Torex Gold Resources Inc. (TSE:TXG - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$35.22 and traded as high as C$46.95. Torex Gold Resources shares last traded at C$45.84, with a volume of 374,221 shares traded.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. TD Securities boosted their target price on Torex Gold Resources from C$39.00 to C$57.00 in a report on Tuesday, April 15th. Raymond James upped their price target on Torex Gold Resources from C$34.00 to C$47.00 in a report on Friday, April 4th. Cibc World Mkts upgraded Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Royal Bank of Canada boosted their price objective on Torex Gold Resources from C$50.00 to C$60.00 in a research report on Wednesday. Finally, BMO Capital Markets boosted their price objective on Torex Gold Resources from C$44.00 to C$56.00 in a research report on Friday, May 2nd. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Torex Gold Resources presently has an average rating of "Buy" and a consensus target price of C$54.50.
Read Our Latest Analysis on Torex Gold Resources
Torex Gold Resources Stock Down 1.0%
The business has a 50-day simple moving average of C$43.26 and a two-hundred day simple moving average of C$35.47. The stock has a market capitalization of C$2.81 billion, a P/E ratio of 24.91, a PEG ratio of 0.02 and a beta of 1.34. The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09.
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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