Torex Gold Resources (TXG) Upgraded to Buy by Desjardins

Torex Gold Resources (TSE:TXG) was upgraded by equities research analysts at Desjardins from a “hold” rating to a “buy” rating in a report released on Friday. Desjardins also issued estimates for Torex Gold Resources’ FY2019 earnings at $0.51 EPS.

A number of other equities analysts have also recently weighed in on TXG. TD Securities raised shares of Torex Gold Resources from a “hold” rating to a “buy” rating and set a C$24.00 price target on the stock in a research report on Wednesday, October 25th. Scotiabank reduced their price target on shares of Torex Gold Resources from C$34.00 to C$15.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 8th. Clarus Securities cut shares of Torex Gold Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Eight Capital reissued a “buy” rating on shares of Torex Gold Resources in a research report on Thursday, November 16th. Finally, Royal Bank of Canada reduced their price target on shares of Torex Gold Resources from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Monday, December 4th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$20.25.

Torex Gold Resources (TXG) opened at C$10.35 on Friday. The firm has a market cap of $823.43, a price-to-earnings ratio of 13.80 and a beta of -1.80. Torex Gold Resources has a 52-week low of C$10.12 and a 52-week 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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