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

Torex Gold Resources (TSE:TXG) had its price objective lifted by TD Securities from C$39.00 to C$57.00 in a research note issued on Tuesday,BayStreet.CA reports. TD Securities’ price target would indicate a potential upside of 18.16% from the company’s current price.

Several other analysts also recently issued reports on the company. Royal Bank of Canada lifted their price target on Torex Gold Resources from C$44.00 to C$45.00 in a research note on Friday, April 4th. CIBC raised Torex Gold Resources from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$42.00 to C$58.00 in a research report on Monday. Raymond James boosted their target price on Torex Gold Resources from C$34.00 to C$47.00 in a research note on Friday, April 4th. Cormark raised their price target on shares of Torex Gold Resources from C$46.00 to C$55.00 in a research note on Monday. Finally, BMO Capital Markets lifted their price objective on shares of Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday, February 20th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$45.19.

Torex Gold Resources Stock Up 9.9 %

Shares of TXG stock opened at C$48.24 on Tuesday. Torex Gold Resources has a 12-month low of C$18.79 and a 12-month high of C$48.59. The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09. The firm has a fifty day moving average of C$35.93 and a 200-day moving average of C$31.35. The company has a market capitalization of C$2.93 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 0.02 and a beta of 1.34.

Insider Buying and Selling

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