Torex Gold Resources Inc (TSE:TXG)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$9.06 and last traded at C$9.15, with a volume of 112170 shares. The stock had previously closed at C$9.49.
A number of equities analysts have recently issued reports on the company. Scotiabank reduced their price target on Torex Gold Resources from C$34.00 to C$15.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 8th. Clarus Securities lowered 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. TD Securities dropped their price objective on shares of Torex Gold Resources from C$24.00 to C$19.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Finally, Desjardins reissued a “hold” rating on shares of Torex Gold Resources in a report on Monday, December 11th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Torex Gold Resources currently has an average rating of “Buy” and a consensus price target of C$17.79.
The firm has a market capitalization of $795.00, a price-to-earnings ratio of -45.75 and a beta of -1.34.
ILLEGAL ACTIVITY NOTICE: “Torex Gold Resources (TXG) Reaches New 12-Month Low at $9.06” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/03/08/torex-gold-resources-txg-reaches-new-12-month-low-at-9-06.html.
About Torex Gold Resources
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.
Receive News & Ratings for Torex Gold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Torex Gold Resources and related companies with MarketBeat.com's FREE daily email newsletter.