BMO Capital Markets set a C$23.00 target price on Torex Gold Resources (TSE:TXG) in a report published on Tuesday morning. The brokerage currently has an outperform rating on the stock.
Several other research analysts also recently commented on TXG. TD Securities raised shares of Torex Gold Resources from a hold rating to a buy rating and set a C$24.00 price target for the company in a report on Wednesday, October 25th. Scotiabank cut their price target on shares of Torex Gold Resources from C$34.00 to C$15.00 and set a sector perform rating for the company in a report on Wednesday, November 8th. Clarus Securities downgraded shares of Torex Gold Resources from a buy rating to a hold rating in a report on Wednesday, November 8th. Eight Capital reissued a buy rating on shares of Torex Gold Resources in a report on Thursday, November 16th. Finally, Royal Bank of Canada cut their price target on shares of Torex Gold Resources from C$28.00 to C$22.00 and set an outperform rating for the company in a report on Monday, December 4th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of C$18.70.
Torex Gold Resources (TSE:TXG) opened at C$11.70 on Tuesday. Torex Gold Resources has a fifty-two week low of C$10.12 and a fifty-two week high of C$33.85. The company has a market cap of $934.29, a price-to-earnings ratio of 15.60 and a beta of -1.80.
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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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