Torex Gold Resources (TXG) Price Target Lowered to C$19.00 at Royal Bank of Canada

Torex Gold Resources (TSE:TXG) had its target price trimmed by Royal Bank of Canada from C$22.00 to C$19.00 in a research note released on Tuesday. The firm currently has an outperform rating on the stock.

A number of other research firms have also recently weighed in on TXG. TD Securities upgraded 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 set a C$15.00 price target on Torex Gold Resources and gave the stock a sector perform rating in a report on Tuesday, January 9th. Clarus Securities restated a speculative buy rating on shares of Torex Gold Resources in a report on Wednesday, January 17th. Desjardins reiterated a hold rating on shares of Torex Gold Resources in a research note on Monday, December 11th. Finally, Eight Capital reiterated a buy rating on shares of Torex Gold Resources in a research note on Thursday, November 16th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of C$18.25.

Torex Gold Resources (TSE TXG) opened at C$12.18 on Tuesday. The firm has a market capitalization of $1,080.00, a P/E ratio of 16.25 and a beta of -1.63. Torex Gold Resources has a fifty-two week low of C$10.12 and a fifty-two week high of C$32.07.

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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.

Analyst Recommendations for Torex Gold Resources (TSE:TXG)

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