Torex Gold Resources (TSE:TXG) Price Target Raised to C$42.00 at CIBC

Torex Gold Resources (TSE:TXG) had its price target raised by CIBC from C$36.00 to C$42.00 in a research report sent to investors on Friday,BayStreet.CA reports.

Other research analysts have also recently issued research reports about the stock. Scotiabank lifted their price objective on shares of Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. Raymond James lifted their price objective on shares of Torex Gold Resources from C$33.00 to C$34.00 in a report on Tuesday, January 7th. Royal Bank of Canada boosted their price target on shares of Torex Gold Resources from C$34.00 to C$37.00 in a report on Friday, December 6th. Finally, BMO Capital Markets boosted their price target on shares of Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$36.53.

Torex Gold Resources Stock Performance

Shares of Torex Gold Resources stock opened at C$33.03 on Friday. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12. The stock has a market capitalization of C$2.00 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34. The business has a 50-day moving average of C$30.11 and a 200 day moving average of C$28.18. Torex Gold Resources has a 12 month low of C$13.20 and a 12 month high of C$35.89.

Insider Transactions at Torex Gold Resources

In other Torex Gold Resources news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of C$28.97, for a total transaction of C$162,898.31. Also, Director Caroline Donally purchased 1,000 shares of the stock in a transaction dated Monday, January 20th. The shares were bought at an average cost of C$27.91 per share, for a total transaction of C$27,908.00. Insiders own 0.35% of the company’s stock.

About Torex Gold Resources

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.