Torex Gold Resources (TSE:TXG) Price Target Raised to C$77.00

Torex Gold Resources (TSE:TXG) had its price objective lifted by Canaccord Genuity Group from C$64.00 to C$77.00 in a report published on Thursday,BayStreet.CA reports.

Other research analysts have also recently issued reports about the stock. TD Securities cut their price target on shares of Torex Gold Resources from C$64.00 to C$62.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Desjardins boosted their price target on shares of Torex Gold Resources from C$63.00 to C$65.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Raymond James Financial boosted their price target on shares of Torex Gold Resources from C$55.00 to C$58.00 in a report on Thursday, August 21st. Scotiabank boosted their price target on shares of Torex Gold Resources from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. Finally, Royal Bank Of Canada boosted their target price on shares of Torex Gold Resources from C$60.00 to C$65.00 in a research note on Thursday, June 12th. Two research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat.com, Torex Gold Resources has an average rating of “Buy” and a consensus target price of C$62.10.

Torex Gold Resources Stock Up 1.9%

Torex Gold Resources stock opened at C$59.91 on Thursday. Torex Gold Resources has a fifty-two week low of C$25.41 and a fifty-two week high of C$60.08. The stock has a market cap of C$5.16 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 0.02 and a beta of 0.70. The firm’s 50-day simple moving average is C$47.67 and its 200 day simple moving average is C$44.56. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00.

About Torex Gold Resources

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala.