Torex Gold Resources Inc. (TSE:TXG - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$34.51 and traded as high as C$45.12. Torex Gold Resources shares last traded at C$44.59, with a volume of 176,444 shares changing hands.
Analyst Ratings Changes
TXG has been the subject of a number of recent research reports. BMO Capital Markets increased their price objective on Torex Gold Resources from C$44.00 to C$56.00 in a research report on Friday, May 2nd. Raymond James upped their price target on shares of Torex Gold Resources from C$34.00 to C$47.00 in a report on Friday, April 4th. Desjardins restated a "buy" rating on shares of Torex Gold Resources in a report on Thursday, April 24th. TD Securities increased their target price on shares of Torex Gold Resources from C$39.00 to C$57.00 in a research note on Tuesday, April 15th. Finally, Royal Bank of Canada raised their price target on shares of Torex Gold Resources from C$44.00 to C$45.00 in a research note on Friday, April 4th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of C$50.78.
Read Our Latest Stock Report on Torex Gold Resources
Torex Gold Resources Stock Up 0.3%
The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. The business's fifty day simple moving average is C$42.51 and its 200 day simple moving average is C$34.84. The stock has a market cap of C$2.67 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34.
About Torex Gold Resources
(
Get Free Report)
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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