Torex Gold Resources (TXG) Stock Rating Reaffirmed by Desjardins

Torex Gold Resources (TSE:TXG)‘s stock had its “hold” rating reaffirmed by research analysts at Desjardins in a note issued to investors on Monday.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada reduced their target price on shares of Torex Gold Resources from C$28.00 to C$22.00 and set an “outperform” rating for the company in a report on Monday, December 4th. Eight Capital restated a “buy” rating on shares of Torex Gold Resources in a research note on Thursday, November 16th. TD Securities dropped their price target on Torex Gold Resources from C$24.00 to C$19.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Clarus Securities lowered Torex Gold Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Scotiabank dropped their price target on Torex Gold Resources from C$34.00 to C$15.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 8th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Torex Gold Resources currently has a consensus rating of “Buy” and an average target price of C$18.67.

Torex Gold Resources (TSE:TXG) traded up C$0.31 during mid-day trading on Monday, hitting C$12.62. The company had a trading volume of 171,263 shares, compared to its average volume of 431,046. Torex Gold Resources has a 12-month low of C$12.09 and a 12-month high of C$33.85.

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About Torex Gold Resources

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.

Analyst Recommendations for Torex Gold Resources (TSE:TXG)

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