Torex Gold Resources (TXG) Stock Forecast & Price Target

C$21.30

+0.27 (+1.28%)

(As of 07/26/2024 ET)

Stock Analysis Analyst Forecasts Chart Competitors Earnings Headlines Insider Trades

Torex Gold Resources - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 6 Analyst Ratings

Based on 6 Wall Street analysts who have issued ratings for Torex Gold Resources in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 2 have given a hold rating, and 4 have given a buy rating for TXG.

Consensus Price Target

C$26.56
24.71% Upside

High Forecast	C$32.00
Average Forecast	C$26.56
Low Forecast	C$22.00

According to the 6 analysts' twelve-month price targets for Torex Gold Resources, the average price target is C$26.56. The highest price target for TXG is C$32.00, while the lowest price target for TXG is C$22.00. The average price target represents a forecasted upside of 24.71% from the current price of C$21.30.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$26.56	C$25.75	C$25.16	C$23.36
Forecasted Upside	24.71% Upside	48.59% Upside	58.56% Upside	28.46% Upside

Get Torex Gold Resources Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for TXG and its competitors with MarketBeat's FREE daily newsletter.

Ad DTI

How to build the ultimate dividend portfolio

There’s a free dividend workshop that shows how anyone can build the ultimate dividend workshop in 3 basic steps? PLUS: You’ll get the names and tickers of the Best Dividend Stocks for FREE… This way, by the time you finish the workshop you’ll be fully equipped with the knowledge to start unlocking dividend checks for yourself… Over and over again.

Click here and I’ll show you how to build the ultimate dividend portfolio.

TXG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TXG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Torex Gold Resources Stock vs. The Competition

Type	Torex Gold Resources	Basic Materials Companies
Consensus Rating Score	2.67	2.64
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
7/23/2024	Canaccord Genuity Group 3 of 5 stars	Boost Target		C$30.50 ➝ C$32.00	+45.92%
7/10/2024	CIBC 3 of 5 stars	Boost Target		C$23.00 ➝ C$26.00	+15.25%
6/10/2024	National Bankshares 1 of 5 stars	Boost Target	Sector Perform	C$27.00 ➝ C$27.50	+27.20%
6/7/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Outperform	C$27.00	+29.87%
5/23/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$23.00 ➝ C$25.00	+23.64%
12/13/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$21.50 ➝ C$23.00	+67.52%
Get the Latest News and Ratings for TXG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Torex Gold Resources and its competitors with MarketBeat's FREE daily newsletter.
11/29/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Outperform	C$20.00 ➝ C$22.00	+48.75%
11/16/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	C$32.00 ➝ C$30.00	+124.89%
3/30/2023	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$20.00 ➝ C$25.00	+10.13%
1/13/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$21.50 ➝ C$22.00	+20.15%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:08 PM ET.

TXG Forecast - Frequently Asked Questions

What is Torex Gold Resources' forecast for 2024?: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Torex Gold Resources is C$26.56, with a high forecast of C$32.00 and a low forecast of C$22.00.
Should I buy or sell Torex Gold Resources stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Torex Gold Resources in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TXG shares.
Does Torex Gold Resources's stock price have much upside?: According to analysts, Torex Gold Resources's stock has a predicted upside of 49.87% based on their 12-month stock forecasts.
Has Torex Gold Resources been upgraded by Wall Street analysts recently?: Over the previous 90 days, Torex Gold Resources's stock had 1 upgrade by analysts.
What analysts cover Torex Gold Resources?: Torex Gold Resources has been rated by research analysts at Canaccord Genuity Group, CIBC, National Bankshares, Raymond James, and Scotiabank in the past 90 days.
Do Wall Street analysts like Torex Gold Resources more than its competitors?: Analysts like Torex Gold Resources more than other "basic materials" companies. The consensus rating score for Torex Gold Resources is 2.67 while the average consensus rating score for "basic materials" companies is 2.64. Learn more on how TXG compares to other companies.