Torex Gold Resources (TSE:TXG) had its price objective reduced by stock analysts at Royal Bank of Canada from C$28.00 to C$22.00 in a research report issued on Monday, December 4th. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 84.41% from the company’s current price.
Other equities research analysts have also issued reports about the company. TD Securities raised Torex Gold Resources from a “hold” rating to a “buy” rating and set a C$24.00 target price on the stock in a research report on Wednesday, October 25th. Eight Capital reiterated a “buy” rating on shares of Torex Gold Resources in a report on Thursday, November 16th. Clarus Securities downgraded Torex Gold Resources from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, Scotiabank lowered their target price 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$20.25.
Shares of Torex Gold Resources (TXG) traded up C$0.54 during trading on Monday, hitting C$11.93. The stock had a trading volume of 312,400 shares, compared to its average volume of 431,887. The firm has a market capitalization of $908.33, a price-to-earnings ratio of 15.70 and a beta of -1.80. Torex Gold Resources has a 12 month low of C$11.25 and a 12 month high of C$33.85.
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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