Torex Gold Resources Inc (TSE:TXG) hit a new 52-week low on Thursday . The stock traded as low as C$9.06 and last traded at C$9.15, with a volume of 112170 shares trading hands. The stock had previously closed at C$9.49.
TXG has been the subject of several recent analyst reports. Scotiabank set a C$15.00 target price on shares of Torex Gold Resources and gave the company a “sector perform” rating in a research note on Tuesday, January 9th. Clarus Securities restated a “speculative buy” rating on shares of Torex Gold Resources in a research note on Wednesday, January 17th. Desjardins reiterated a “hold” rating on shares of Torex Gold Resources in a research note on Monday, December 11th. Eight Capital reiterated a “buy” rating on shares of Torex Gold Resources in a research note on Thursday, November 16th. Finally, BMO Capital Markets set a C$23.00 price objective on shares of Torex Gold Resources and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$17.79.
The firm has a market cap of $775.35, a P/E ratio of -45.80 and a beta of -1.34.
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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.
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