Torex Gold Resources (TSE:TXG) Upgraded by Cibc World Mkts to “Strong-Buy” Rating

Torex Gold Resources (TSE:TXG) was upgraded by Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other research analysts have also commented on the company. BMO Capital Markets upped their price objective on Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday, February 20th. Cormark lifted their price objective on shares of Torex Gold Resources from C$46.00 to C$55.00 in a research note on Monday. TD Securities increased their target price on shares of Torex Gold Resources from C$39.00 to C$57.00 in a research report on Tuesday. Royal Bank of Canada boosted their price target on Torex Gold Resources from C$44.00 to C$45.00 in a research note on Friday, April 4th. Finally, Raymond James raised their price objective on Torex Gold Resources from C$34.00 to C$47.00 in a research note on Friday, April 4th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$45.19.

Torex Gold Resources Trading Down 0.0 %

Shares of TSE:TXG opened at C$43.91 on Monday. Torex Gold Resources has a 12-month low of C$18.79 and a 12-month high of C$46.39. The business has a 50 day moving average of C$35.62 and a 200-day moving average of C$31.19. 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 stock has a market cap of C$2.66 billion, a PE ratio of 23.61, a P/E/G ratio of 0.02 and a beta of 1.34.

Insider Buying and Selling

In other Torex Gold Resources news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the stock in a transaction dated 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 Torex Gold Resources stock in a transaction dated Monday, January 20th. The shares were purchased 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 owned by corporate 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.