Torex Gold Resources Inc. (TSE:TXG - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$36.67 and traded as high as C$45.33. Torex Gold Resources shares last traded at C$44.15, with a volume of 326,128 shares traded.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Raymond James Financial lifted their price objective on Torex Gold Resources from C$34.00 to C$47.00 in a report on Friday, April 4th. TD Securities raised their target price on shares of Torex Gold Resources from C$39.00 to C$57.00 in a research report on Tuesday, April 15th. National Bankshares set a C$70.00 price target on shares of Torex Gold Resources and gave the company an "outperform" rating in a report on Thursday, June 5th. Cibc World Mkts raised shares of Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Finally, Desjardins set a C$60.00 price objective on shares of Torex Gold Resources and gave the company a "buy" rating in a report on Thursday, June 5th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Torex Gold Resources has a consensus rating of "Buy" and a consensus target price of C$55.00.
Get Our Latest Report on TXG
Torex Gold Resources Stock Performance
The business's 50-day moving average price is C$44.66 and its 200-day moving average price is C$36.88. The stock has a market cap of C$2.57 billion, a PE ratio of 22.79, a P/E/G ratio of 0.02 and a beta of 1.34. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09.
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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