Torex Gold Resources (TSE:TXG) Shares Up 8.7%

Torex Gold Resources Inc. (TSE:TXG – Get Rating) was up 8.7% during trading on Monday . The company traded as high as C$18.89 and last traded at C$18.62. Approximately 117,109 shares traded hands during trading, a decline of 67% from the average daily volume of 357,500 shares. The stock had previously closed at C$17.13.

Analyst Ratings Changes

TXG has been the topic of several research reports. CIBC boosted their price target on shares of Torex Gold Resources from C$18.50 to C$20.00 in a research report on Tuesday, February 7th. Stifel Nicolaus lifted their price target on Torex Gold Resources from C$21.50 to C$22.00 in a research report on Friday, January 13th. BMO Capital Markets upped their price objective on Torex Gold Resources from C$23.00 to C$24.00 in a research report on Thursday, January 19th. National Bankshares lifted their target price on Torex Gold Resources from C$21.50 to C$22.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 14th. Finally, Canaccord Genuity Group decreased their price target on Torex Gold Resources from C$25.00 to C$24.00 in a report on Friday, February 24th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$21.78.

Torex Gold Resources Trading Up 1.7 %

The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.12 and a current ratio of 2.31. The stock has a fifty day moving average of C$17.40 and a 200-day moving average of C$13.46. The company has a market cap of C$1.63 billion, a PE ratio of 6.32, a PEG ratio of 0.02 and a beta of 0.99.

About Torex Gold Resources

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Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property that covers an area of 29,000 hectares located southwest of Mexico City. The company's principal assets include the El Limón Guajes mining complex comprising the El Limón Guajes open pits, the El Limón Guajes underground mine, and the processing plant and related infrastructure, and the Media Luna deposit, which is an advanced stage development project.