Torex Gold Resources Inc. (TSE:TXG - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.
Analyst Ratings Changes
A number of equities research analysts have recently commented on TXG shares. Cibc World Mkts raised Torex Gold Resources from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Cormark raised their price target on Torex Gold Resources from C$46.00 to C$55.00 in a research report on Monday, April 14th. National Bankshares set a C$70.00 price target on Torex Gold Resources and gave the stock an "outperform" rating in a research report on Thursday, June 5th. TD Securities raised their price target on Torex Gold Resources from C$39.00 to C$57.00 in a research report on Tuesday, April 15th. Finally, Raymond James Financial raised their price target on Torex Gold Resources from C$34.00 to C$47.00 in a research report 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's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$55.00.
Get Our Latest Stock Analysis on TXG
Torex Gold Resources Stock Performance
The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09. The firm has a market capitalization of C$2.67 billion, a P/E ratio of 23.66, a P/E/G ratio of 0.02 and a beta of 1.34. The stock has a fifty day moving average of C$44.72 and a 200-day moving average of C$36.83.
Torex Gold Resources Company Profile
(
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.
Featured Articles
Before you consider Torex Gold Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Torex Gold Resources wasn't on the list.
While Torex Gold Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
