TD Securities Issues Positive Forecast for Torex Gold Resources (TSE:TXG) Stock Price

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

Other equities analysts also recently issued reports about the company. BMO Capital Markets lifted their target price on Torex Gold Resources from C$36.00 to C$38.00 in a research report on Thursday, February 20th. Royal Bank of Canada boosted their price objective 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 boosted their price target for the company from C$42.00 to C$58.00 in a research report on Monday. Raymond James raised their price objective on shares of Torex Gold Resources from C$34.00 to C$47.00 in a research report on Friday, April 4th. Finally, Cormark boosted their price target on Torex Gold Resources from C$46.00 to C$55.00 in a research note on Monday. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Torex Gold Resources currently has a consensus rating of “Buy” and an average price target of C$45.19.

Torex Gold Resources Trading Down 0.0 %

TSE TXG opened at C$43.91 on Tuesday. The firm’s 50-day moving average is C$35.62 and its two-hundred day moving average is C$31.19. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12. Torex Gold Resources has a 12 month low of C$18.79 and a 12 month high of C$46.39. The stock has a market capitalization of C$2.66 billion, a P/E ratio of 23.61, a PEG ratio of 0.02 and a beta of 1.34.

Insider Activity at Torex Gold Resources

In other Torex Gold Resources news, Director Caroline Donally bought 1,000 shares of Torex Gold Resources stock in a transaction dated Monday, January 20th. The stock was bought at an average cost 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 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 value of C$162,898.31. 0.35% of the stock is 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.