Torex Gold Resources (TSE:TXG) Stock Price Expected to Rise, TD Securities Analyst Says

Torex Gold Resources (TSE:TXG) had its target price raised by analysts at TD Securities from C$78.00 to C$96.00 in a research note issued to investors on Thursday,BayStreet.CA reports. TD Securities’ price objective would suggest a potential upside of 19.99% from the company’s current price.

A number of other research analysts have also recently weighed in on TXG. CIBC raised their price target on 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. Canaccord Genuity Group lifted 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. Royal Bank Of Canada increased their price target on shares of Torex Gold Resources from C$77.00 to C$94.00 in a research report on Wednesday, December 10th. Finally, 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 research note on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$72.60.

Torex Gold Resources Stock Performance

TSE TXG opened at C$80.01 on Thursday. The business has a 50 day moving average price of C$66.79 and a 200 day moving average price of C$56.78. The company has a market capitalization of C$7.70 billion, a P/E ratio of 23.53, a PEG ratio of 0.02 and a beta of 1.28. Torex Gold Resources has a 1-year low of C$28.97 and a 1-year high of C$81.36. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12.

Torex Gold Resources Company Profile

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.