Torex Gold Resources (TSE:TXG - Get Free Report) was upgraded by equities research analysts at CIBC from a "neutral" rating to an "outperform" rating in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has a C$58.00 target price on the stock, up from their previous target price of C$42.00. CIBC's price objective points to a potential upside of 22.78% from the stock's previous close.
Several other brokerages also recently issued reports on TXG. Cormark increased their price objective on shares of Torex Gold Resources from C$46.00 to C$55.00 in a research report on Monday, April 14th. Raymond James lifted their price target on Torex Gold Resources from C$34.00 to C$47.00 in a research note on Friday, April 4th. Royal Bank of Canada increased their price objective on Torex Gold Resources from C$44.00 to C$45.00 in a report on Friday, April 4th. Finally, BMO Capital Markets upped their price target on Torex Gold Resources from C$36.00 to C$38.00 in a research report on Thursday, February 20th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$45.19.
View Our Latest Analysis on TXG
Torex Gold Resources Stock Down 2.1 %
Shares of TSE TXG traded down C$1.00 during mid-day trading on Monday, reaching C$47.24. 508,335 shares of the company's stock were exchanged, compared to its average volume of 326,368. Torex Gold Resources has a twelve month low of C$18.79 and a twelve month high of C$48.59. 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 firm has a market capitalization of C$2.86 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 0.02 and a beta of 1.34. The business has a fifty day simple moving average of C$36.47 and a 200 day simple moving average of C$31.63.
Insider Activity at Torex Gold Resources
In other Torex Gold Resources news, Director Caroline Donally bought 1,000 shares of Torex Gold Resources stock in a transaction dated Monday, January 20th. The stock was bought at an average cost of C$27.91 per share, for a total transaction of C$27,908.00. Also, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total value of C$162,898.31. 0.35% of the stock is owned by company insiders.
Torex Gold Resources Company Profile
(
Get Free Report)
Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.
Read More
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
