Torex Gold Resources (TSE:TXG) Price Target Raised to C$38.00 at BMO Capital Markets

Torex Gold Resources (TSE:TXG) had its target price raised by BMO Capital Markets from C$36.00 to C$38.00 in a research report released on Thursday,BayStreet.CA reports.

A number of other equities analysts have also commented on the stock. Raymond James boosted their price objective on shares of Torex Gold Resources from C$33.00 to C$34.00 in a report on Tuesday, January 7th. Royal Bank of Canada boosted their price objective on shares of Torex Gold Resources from C$34.00 to C$37.00 in a report on Friday, December 6th. CIBC boosted their price objective on shares of Torex Gold Resources from C$33.00 to C$34.50 in a report on Monday, December 2nd. Finally, Scotiabank upped their target price on shares of Torex Gold Resources from C$33.00 to C$37.00 in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$35.69.

Torex Gold Resources Stock Performance

Shares of TXG stock opened at C$35.12 on Thursday. Torex Gold Resources has a 12 month low of C$13.20 and a 12 month high of C$35.89. 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$2.13 billion, a P/E ratio of 18.88, a P/E/G ratio of 0.02 and a beta of 1.34. The company’s fifty day moving average price is C$30.00 and its two-hundred day moving average price is C$28.01.

Insider Activity

In other Torex Gold Resources news, Director Caroline Donally acquired 1,000 shares of the stock in a transaction that occurred on Monday, January 20th. The stock was acquired at an average price 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 business’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. Company insiders own 0.35% of the company’s stock.

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.