TD Securities Upgrades Torex Gold Resources Inc (TXG) to Buy
Torex Gold Resources Inc (TSE:TXG) was upgraded by TD Securities from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm currently has a C$24.00 price target on the stock. TD Securities’ price objective would indicate a potential upside of 34.38% from the stock’s current price.
Torex Gold Resources (TSE:TXG) traded up 1.12% during midday trading on Wednesday, hitting $18.06. The stock had a trading volume of 310,037 shares. The stock has a market cap of $1.44 billion and a PE ratio of 30.10. The firm has a 50 day moving average price of $19.86 and a 200 day moving average price of $21.93. Torex Gold Resources has a one year low of $17.05 and a one year high of $33.85.
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Torex Gold Resources Company Profile
Torex Gold Resources Inc is a Canada-based resource company. The Company operates through the segment of mineral exploration and mine development and operation in Mexico. The Company is engaged in the exploration, development and operation of the Morelos Gold Property. The Morelos Gold Property is located in the Guerrero Gold Belt in southern Mexico, approximately 180 kilometers to the southwest of Mexico City and 50 kilometers southwest of Iguala.
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