Raymond James Forecasts Strong Price Appreciation for Torex Gold Resources (TSE:TXG) Stock

Torex Gold Resources (TSE:TXG) had its target price boosted by Raymond James from C$34.00 to C$47.00 in a research report report published on Friday morning,BayStreet.CA reports.

TXG has been the topic of a number of other research reports. CIBC raised their target price on shares of Torex Gold Resources from C$36.00 to C$42.00 in a research report on Friday, February 21st. BMO Capital Markets increased their price target on Torex Gold Resources from C$36.00 to C$38.00 in a research note on Thursday, February 20th. Finally, Royal Bank of Canada boosted their price objective on Torex Gold Resources from C$44.00 to C$45.00 in a research report on Friday. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$38.86.

Torex Gold Resources Stock Performance

The firm has a fifty day moving average of C$34.13 and a 200 day moving average of C$30.44. Torex Gold Resources has a one year low of C$18.79 and a one year high of C$40.27. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. The firm has a market cap of C$2.23 billion, a P/E ratio of 19.74, a P/E/G ratio of 0.02 and a beta of 1.34.

Insider Transactions at Torex Gold Resources

In other Torex Gold Resources news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of Torex Gold Resources stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total value of C$162,898.31. Also, Director Caroline Donally purchased 1,000 shares of the business’s stock in a transaction on Monday, January 20th. The shares were acquired at an average price of C$27.91 per share, for a total transaction of C$27,908.00. 0.35% of the stock is currently owned by corporate insiders.

Torex Gold Resources Company Profile

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.