Torex Gold Resources (TSE:TXG) Hits New 1-Year High at $19.38

Torex Gold Resources Inc. (TSE:TXG – Get Rating) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$19.38 and last traded at C$19.13, with a volume of 72015 shares traded. The stock had previously closed at C$18.97.

Analysts Set New Price Targets

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

Torex Gold Resources Stock Performance

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’s 50-day moving average is C$17.49 and its 200 day moving average is C$13.56. The firm has a market cap of C$1.62 billion, a P/E 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.