TD Securities upgraded shares of Torex Gold Resources Inc (TSE:TXG) from a hold rating to a buy rating in a research note released on Wednesday. The firm currently has C$24.00 price objective on the stock.
Torex Gold Resources (TSE TXG) opened at 17.83 on Wednesday. The firm has a 50-day moving average price of $19.75 and a 200 day moving average price of $21.90. The company has a market capitalization of $1.42 billion and a P/E ratio of 29.72. Torex Gold Resources has a 1-year low of $17.05 and a 1-year high of $33.85.
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Torex Gold Resources Company Profile
Torex Gold Resources Inc is a Canada-based resource company. The Company operates through the segment of mineral exploration and mine development and operation in Mexico. The Company is engaged in the exploration, development and operation of the Morelos Gold Property. The Morelos Gold Property is located in the Guerrero Gold Belt in southern Mexico, approximately 180 kilometers to the southwest of Mexico City and 50 kilometers southwest of Iguala.
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