Shares of Torex Gold Resources Inc. (TSE:TXG - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$40.57 and traded as high as C$43.17. Torex Gold Resources shares last traded at C$42.20, with a volume of 424,467 shares.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Desjardins lifted their price objective on Torex Gold Resources from C$63.00 to C$65.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. National Bankshares set a C$70.00 price objective on Torex Gold Resources and gave the company an "outperform" rating in a report on Thursday, June 5th. Royal Bank Of Canada lifted their price objective on Torex Gold Resources from C$60.00 to C$65.00 in a report on Thursday, June 12th. BMO Capital Markets lifted their price objective on Torex Gold Resources from C$44.00 to C$56.00 in a report on Friday, May 2nd. Finally, TD Securities decreased their price objective on Torex Gold Resources from C$64.00 to C$62.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Seven equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Torex Gold Resources has a consensus rating of "Buy" and a consensus target price of C$59.56.
Get Our Latest Stock Report on TXG
Torex Gold Resources Stock Down 0.8%
The business's 50 day moving average price is C$43.25 and its 200-day moving average price is C$40.57. 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$2.56 billion, a P/E ratio of 22.69, a PEG ratio of 0.02 and a beta of 1.34.
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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