Torex Gold Resources Inc. (TSE:TXG - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on TXG. Raymond James Financial raised their target price on shares of Torex Gold Resources from C$34.00 to C$47.00 in a research note on Friday, April 4th. TD Securities increased their price target on Torex Gold Resources from C$39.00 to C$57.00 in a report on Tuesday, April 15th. Royal Bank Of Canada boosted their price objective on Torex Gold Resources from C$60.00 to C$65.00 in a research note on Thursday, June 12th. Scotiabank upped their target price on Torex Gold Resources from C$48.00 to C$50.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, BMO Capital Markets lifted their price target on Torex Gold Resources from C$44.00 to C$56.00 in a report on Friday, May 2nd. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of C$55.00.
View Our Latest Research Report on Torex Gold Resources
Torex Gold Resources Stock 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 cap of C$2.65 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 0.02 and a beta of 1.34. The firm has a 50 day simple moving average of C$44.40 and a 200-day simple moving average of C$37.41.
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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