Torex Gold Resources (TSE:TXG) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Torex Gold Resources (TSE:TXG) had its target price lifted by stock analysts at BMO Capital Markets from C$44.00 to C$56.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 28.47% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Cormark increased their price target on shares of Torex Gold Resources from C$46.00 to C$55.00 in a research note on Monday, April 14th. TD Securities upped their target price on shares of Torex Gold Resources from C$39.00 to C$57.00 in a research report on Tuesday, April 15th. Raymond James increased their target price on shares of Torex Gold Resources from C$34.00 to C$47.00 in a research note on Friday, April 4th. Desjardins reissued a “buy” rating on shares of Torex Gold Resources in a research note on Thursday, April 24th. Finally, CIBC raised shares of Torex Gold Resources from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from C$42.00 to C$58.00 in a research report on Monday, April 14th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$47.19.

Torex Gold Resources Price Performance

Shares of TSE TXG opened at C$43.59 on Friday. The firm has a market cap of C$2.64 billion, a PE ratio of 23.44, a PEG ratio of 0.02 and a beta of 1.34. The firm has a fifty day moving average of C$38.75 and a 200 day moving average of C$32.92. 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 one year low of C$18.79 and a one year high of C$49.07.

About Torex Gold Resources

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala.