Torex Gold Resources Inc. (TSE:TXG - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$37.41 and traded as high as C$43.92. Torex Gold Resources shares last traded at C$43.92, with a volume of 145,234 shares changing hands.
Analyst Upgrades and Downgrades
TXG has been the topic of a number of analyst reports. TD Securities increased their price objective on Torex Gold Resources from C$39.00 to C$57.00 in a research note on Tuesday, April 15th. BMO Capital Markets increased their price objective on Torex Gold Resources from C$44.00 to C$56.00 in a research note on Friday, May 2nd. National Bankshares set a C$70.00 price target on Torex Gold Resources and gave the stock an "outperform" rating in a research note on Thursday, June 5th. Cibc World Mkts raised Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Finally, CIBC raised Torex Gold Resources from a "neutral" rating to an "outperform" rating and raised their price target for the stock from C$42.00 to C$58.00 in a research note on Monday, April 14th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Torex Gold Resources currently has an average rating of "Buy" and an average price target of C$55.00.
Check Out Our Latest Analysis on TXG
Torex Gold Resources Trading Up 2.2%
The business has a fifty day moving average price of C$44.38 and a 200 day moving average price of C$37.77. The company has a market capitalization of C$2.71 billion, a PE ratio of 24.05, a P/E/G 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
(
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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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