Torex Gold Resources (TSE:TXG) Price Target Raised to C$57.00

Torex Gold Resources (TSE:TXG) had its price target hoisted by TD Securities from C$39.00 to C$57.00 in a research report report published on Tuesday morning,BayStreet.CA reports.

A number of other brokerages have also commented on TXG. Raymond James upped their target price on Torex Gold Resources from C$34.00 to C$47.00 in a research note on Friday, April 4th. Royal Bank of Canada upped their price target on Torex Gold Resources from C$44.00 to C$45.00 in a research note on Friday, April 4th. CIBC upgraded Torex Gold Resources from a “neutral” rating to an “outperform” rating and upped their price objective for the company from C$42.00 to C$58.00 in a report on Monday. BMO Capital Markets boosted their target price on Torex Gold Resources from C$36.00 to C$38.00 in a research note on Thursday, February 20th. Finally, Cormark upped their price objective on Torex Gold Resources from C$46.00 to C$55.00 in a research report on Monday. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$45.19.

Torex Gold Resources Price Performance

TSE TXG opened at C$43.91 on Tuesday. The stock has a 50-day simple moving average of C$35.62 and a 200 day simple moving average of C$31.19. The stock has a market capitalization of C$2.66 billion, a PE ratio of 23.61, a P/E/G ratio of 0.02 and a beta of 1.34. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00. Torex Gold Resources has a twelve month low of C$18.79 and a twelve month high of C$46.39.

Insider Activity

In related news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the business’s stock in a transaction 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. Also, Director Caroline Donally acquired 1,000 shares of the company’s stock in a transaction on Monday, January 20th. The stock was acquired at an average price of C$27.91 per share, with a total value of C$27,908.00. Insiders own 0.35% of the company’s stock.

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.