Torex Gold Resources (TSE:TXG) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Torex Gold Resources Inc. (TSE:TXG - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$33.05 and traded as high as C$44.98. Torex Gold Resources shares last traded at C$44.86, with a volume of 134,483 shares.

Analyst Ratings Changes

TXG has been the subject of a number of recent analyst reports. CIBC upgraded shares of Torex Gold Resources from a "neutral" rating to an "outperform" rating and boosted their target price for the company from C$42.00 to C$58.00 in a report on Monday, April 14th. TD Securities boosted their target price on shares of Torex Gold Resources from C$39.00 to C$57.00 in a report on Tuesday, April 15th. Cormark upped their price objective on Torex Gold Resources from C$46.00 to C$55.00 in a report on Monday, April 14th. Royal Bank of Canada upped their price objective on Torex Gold Resources from C$44.00 to C$45.00 in a report on Friday, April 4th. Finally, Raymond James upped their price objective on Torex Gold Resources from C$34.00 to C$47.00 in a report on Friday, April 4th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Torex Gold Resources has a consensus rating of "Buy" and a consensus price target of C$47.19.

Torex Gold Resources Trading Up 0.2%

The company's 50 day moving average price is C$40.09 and its 200 day moving average price is C$33.47. The company has a market cap of C$2.70 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00.

Torex Gold Resources Company Profile

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.