Free Trial

Torex Gold Resources (TXG) Stock Forecast & Price Target

C$21.54
-0.47 (-2.14%)
(As of 07/24/2024 ET)

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

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
23.32% Upside
High ForecastC$32.00
Average ForecastC$26.56
Low ForecastC$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 23.32% from the current price of C$21.54.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
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 TargetC$26.56C$25.75C$25.16C$23.36
Forecasted Upside23.32% Upside48.59% Upside58.56% Upside28.46% 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.

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.
Skip Chart & View Analyst Rating History

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Torex Gold Resources Stock vs. The Competition

TypeTorex Gold ResourcesBasic Materials Companies
Consensus Rating Score
2.67
2.64
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingNeutral News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/23/2024Canaccord Genuity Group
1 of 5 stars
 Boost TargetC$30.50 ➝ C$32.00+45.92%
7/10/2024CIBC
3 of 5 stars
 Boost TargetC$23.00 ➝ C$26.00+15.25%
6/10/2024National Bankshares
1 of 5 stars
 Boost TargetSector PerformC$27.00 ➝ C$27.50+27.20%
6/7/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Set TargetOutperformC$27.00+29.87%
5/23/2024Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$23.00 ➝ C$25.00+23.64%
12/13/2023BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$21.50 ➝ C$23.00+67.52%
11/29/2023Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeSector Perform ➝ OutperformC$20.00 ➝ C$22.00+48.75%
11/16/2023TD Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetBuyC$32.00 ➝ C$30.00+124.89%
3/30/2023Cormark
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$20.00 ➝ C$25.00+10.13%
1/13/2023Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$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 Wednesday at 08:16 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 year. 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.


This page (TSE:TXG) was last updated on 7/24/2024 by MarketBeat.com Staff

From Our Partners