Torex Gold Resources Rating Reiterated by RBC Capital (TXG)
Torex Gold Resources (TSE:TXG)‘s stock had its “outperform” rating reaffirmed by equities research analysts at RBC Capital in a research note issued to investors on Monday, Stock Ratings Network reports.
Shares of Torex Gold Resources (TSE:TXG) traded down 5.00% on Monday, hitting $1.33. The stock had a trading volume of 2,436,290 shares. Torex Gold Resources has a one year low of $1.12 and a one year high of $2.28. The stock has a 50-day moving average of $1.52 and a 200-day moving average of $1.51. The company’s market cap is $806.6 million.
TXG has been the subject of a number of other recent research reports. Analysts at TD Securities cut their price target on shares of Torex Gold Resources (TSE:TXG) from C$1.10 to C$1.05 in a research note to investors on Tuesday, September 17th. They now have a “reduce” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Torex Gold Resources (TSE:TXG) from C$2.75 to C$3.25 in a research note to investors on Tuesday, September 17th. They now have an “outperform” rating on the stock. Finally, analysts at Dundee Securities reiterated a “buy” rating on shares of Torex Gold Resources (TSE:TXG) in a research note to investors on Tuesday, August 13th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$2.43.
Torex Gold Resources Inc, formerly Gleichen Resources Ltd., is a development-stage company. The Company is engaged in the acquisition, exploration and development of mineral property interests.
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