Torex Gold Resources (TSE:TXG) Price Target Lowered to C$85.00 at National Bankshares

Torex Gold Resources (TSE:TXG) had its price target decreased by National Bankshares from C$90.00 to C$85.00 in a research report released on Tuesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the company. Canaccord Genuity Group upped their price objective on Torex Gold Resources from C$64.00 to C$77.00 in a report on Thursday, October 2nd. CIBC raised their target price on Torex Gold Resources from C$66.00 to C$90.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Finally, Raymond James Financial upped their price target on Torex Gold Resources from C$55.00 to C$58.00 in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$66.30.

Torex Gold Resources Trading Up 1.8%

TXG stock opened at C$61.48 on Tuesday. The business has a fifty day moving average price of C$61.53 and a 200 day moving average price of C$51.42. Torex Gold Resources has a fifty-two week low of C$26.29 and a fifty-two week high of C$69.27. The stock has a market capitalization of C$5.91 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 0.02 and a beta of 0.83. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, December 4th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, November 20th.

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.