Torex Gold Resources (TSE:TXG) Given New C$55.00 Price Target at Cormark

Torex Gold Resources (TSE:TXG) had its price target boosted by equities research analysts at Cormark from C$46.00 to C$55.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Cormark’s price target would suggest a potential upside of 25.26% from the company’s current price. Cormark also issued estimates for Torex Gold Resources’ FY2025 earnings at $3.66 EPS.

TXG has been the topic of several other reports. CIBC lifted their target price on Torex Gold Resources from C$36.00 to C$42.00 in a report on Friday, February 21st. Raymond James boosted their price objective on Torex Gold Resources from C$34.00 to C$47.00 in a research report on Friday, April 4th. Royal Bank of Canada increased their target price on Torex Gold Resources from C$44.00 to C$45.00 in a research note on Friday, April 4th. Finally, BMO Capital Markets lifted their price target on shares of Torex Gold Resources from C$36.00 to C$38.00 in a research note on Thursday, February 20th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$45.19.

Torex Gold Resources Stock Down 0.0 %

Shares of TSE:TXG opened at C$43.91 on Monday. The company has a 50 day moving average price of C$35.62 and a two-hundred day moving average price of C$31.19. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00. The company has a market capitalization of C$2.66 billion, a PE ratio of 23.61, a PEG ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a 52 week low of C$18.79 and a 52 week high of C$46.39.

Insider Activity

In related news, Director Caroline Donally acquired 1,000 shares of the company’s stock in a transaction dated Monday, January 20th. The shares were bought at an average price 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 company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total transaction of C$162,898.31. 0.35% of the stock is owned by corporate insiders.

Torex Gold Resources Company Profile

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.