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

Torex Gold Resources (TSE:TXG) had its target price raised by investment analysts at Cormark from C$46.00 to C$55.00 in a research note issued on Monday,BayStreet.CA reports. Cormark’s target price would indicate a potential upside of 25.26% from the stock’s current price. Cormark also issued estimates for Torex Gold Resources’ FY2025 earnings at $3.66 EPS.

TXG has been the topic of several other reports. Raymond James upped their price objective on Torex Gold Resources from C$34.00 to C$47.00 in a research note on Friday, April 4th. Royal Bank of Canada upped their price target on Torex Gold Resources from C$44.00 to C$45.00 in a research report on Friday, April 4th. CIBC lifted their price objective on Torex Gold Resources from C$36.00 to C$42.00 in a report on Friday, February 21st. Finally, BMO Capital Markets upped their target price on shares of Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday, February 20th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$45.19.

Torex Gold Resources Price Performance

Shares of TSE:TXG opened at C$43.91 on Monday. The business’s 50 day moving average is C$35.62 and its 200-day moving average is C$31.19. 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 capitalization of C$2.66 billion, a PE ratio of 23.61, a PEG ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a 1-year low of C$18.79 and a 1-year high of C$46.39.

Insider Activity

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

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.