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

Torex Gold Resources (TSE:TXG) had its price objective boosted by TD Securities from C$78.00 to C$96.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Several other equities research analysts have also issued reports on TXG. CIBC lifted their target price on shares of Torex Gold Resources from C$66.00 to C$90.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. National Bankshares dropped their price objective on shares of Torex Gold Resources from C$90.00 to C$85.00 and set an “outperform” rating for the company in a report on Tuesday, December 9th. Canaccord Genuity Group upped their target price on shares of Torex Gold Resources from C$64.00 to C$77.00 in a research report on Thursday, October 2nd. Finally, Royal Bank Of Canada raised their price target on Torex Gold Resources from C$77.00 to C$94.00 in a research report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$72.60.

Torex Gold Resources Stock Performance

Shares of TXG opened at C$79.13 on Thursday. Torex Gold Resources has a 12-month low of C$28.26 and a 12-month high of C$80.06. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. The company has a market cap of C$7.61 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 0.02 and a beta of 1.28. The stock has a 50-day moving average price of C$66.46 and a 200-day moving average price of C$56.54.

Torex Gold Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, December 4th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend 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. Within this property, the company has two assets: the El Limon-Guajes Mine, an open pit gold deposit located north of the Balsas river, and the Media Luna Project, which is at an advanced stage of exploration.