Torex Gold Resources (TSE:TXG) Price Target Raised to C$55.00 at Cormark

Torex Gold Resources (TSE:TXG) had its target price raised by Cormark from C$46.00 to C$55.00 in a research report released on Monday morning,BayStreet.CA reports.

A number of other equities research analysts have also weighed in on TXG. CIBC upped their target price on shares of Torex Gold Resources from C$36.00 to C$42.00 in a report on Friday, February 21st. BMO Capital Markets increased their price objective on Torex Gold Resources from C$36.00 to C$38.00 in a research note on Thursday, February 20th. Raymond James raised their target price on Torex Gold Resources from C$34.00 to C$47.00 in a report on Friday, April 4th. Finally, Royal Bank of Canada increased their price target on Torex Gold Resources from C$44.00 to C$45.00 in a research report on Friday, April 4th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$43.08.

Torex Gold Resources Stock Up 0.1 %

TXG stock opened at C$43.93 on Monday. The stock’s 50 day simple moving average is C$35.41 and its 200 day simple moving average is C$31.11. The company has a market cap of C$2.66 billion, a P/E ratio of 23.62, a price-to-earnings-growth 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 fifty-two week low of C$18.79 and a fifty-two week high of C$46.39.

Insider Buying and Selling

In other news, Director Caroline Donally bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, January 20th. The shares were acquired at an average price of C$27.91 per share, with a total value of C$27,908.00. Also, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the 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 transaction of C$162,898.31. 0.35% of the stock is currently owned by insiders.

About Torex Gold Resources

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.