Torex Gold Resources (TSE:TXG) Price Target Raised to C$55.00 at Cormark

Torex Gold Resources (TSE:TXG) had its price target lifted by research analysts at Cormark from C$46.00 to C$55.00 in a research report issued on Monday,BayStreet.CA reports. Cormark’s price objective would indicate a potential upside of 24.69% from the company’s previous close.

Several other analysts have also recently issued reports on TXG. Raymond James increased their price target on shares of Torex Gold Resources from C$34.00 to C$47.00 in a research report on Friday, April 4th. Royal Bank of Canada increased their target price on shares of Torex Gold Resources from C$44.00 to C$45.00 in a report on Friday, April 4th. CIBC upped their price objective on Torex Gold Resources from C$36.00 to C$42.00 in a research report on Friday, February 21st. Finally, BMO Capital Markets lifted their target price on 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 given a strong buy rating to the company. According to MarketBeat.com, Torex Gold Resources currently has a consensus rating of “Buy” and a consensus price target of C$43.08.

Torex Gold Resources Trading Up 0.5 %

Shares of TXG stock traded up C$0.23 on Monday, hitting C$44.11. The stock had a trading volume of 278,181 shares, compared to its average volume of 316,526. The company’s 50 day moving average price is C$35.19 and its 200-day moving average price is C$31.02. Torex Gold Resources has a 1 year low of C$18.79 and a 1 year high of C$46.39. 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 firm has a market capitalization of C$2.67 billion, a P/E ratio of 23.72, a P/E/G ratio of 0.02 and a beta of 1.34.

Insider Buying and Selling at Torex Gold Resources

In other Torex Gold Resources news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total transaction of C$162,898.31. Also, Director Caroline Donally bought 1,000 shares of Torex Gold Resources stock in a transaction dated 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. 0.35% of the stock is owned by 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.