Torex Gold Resources (TSE:TXG – Get Free Report) had its price objective increased by investment analysts at National Bankshares from C$75.00 to C$86.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 26.60% from the company’s current price.
Several other analysts have also recently weighed in on the stock. Raymond James Financial lifted their price target on shares of Torex Gold Resources from C$55.00 to C$58.00 in a report on Thursday, August 21st. Desjardins raised their price target on Torex Gold Resources from C$63.00 to C$65.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Canaccord Genuity Group boosted their price target on Torex Gold Resources from C$64.00 to C$77.00 in a research note on Thursday, October 2nd. Finally, TD Securities dropped their target price on Torex Gold Resources from C$64.00 to C$62.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, Torex Gold Resources has an average rating of “Buy” and a consensus target price of C$63.20.
Read Our Latest Stock Analysis on TXG
Torex Gold Resources Trading Down 0.5%
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.
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