Torex Gold Resources Inc. (TSE:TXG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.
Analyst Upgrades and Downgrades
TXG has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their target price on Torex Gold Resources from C$50.00 to C$60.00 in a report on Wednesday. Cormark upped their target price on Torex Gold Resources from C$46.00 to C$55.00 in a report on Monday, April 14th. CIBC upgraded Torex Gold Resources from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from C$42.00 to C$58.00 in a report on Monday, April 14th. National Bankshares set a C$70.00 price objective on Torex Gold Resources and gave the stock an "outperform" rating in a report on Thursday. Finally, Desjardins set a C$60.00 price objective on Torex Gold Resources and gave the stock a "buy" rating in a report on Thursday. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of C$54.50.
View Our Latest Stock Report on TXG
Torex Gold Resources Price Performance
The company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12. The company has a market capitalization of C$2.84 billion, a PE ratio of 25.17, a PEG ratio of 0.02 and a beta of 1.34. The firm has a 50-day moving average of C$42.99 and a 200 day moving average of C$35.22.
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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