Torex Gold Resources (TSE:TXG) Price Target Raised to C$47.00

Torex Gold Resources (TSE:TXG) had its target price increased by Raymond James from C$34.00 to C$47.00 in a report issued on Friday morning,BayStreet.CA reports.

Several other brokerages also recently commented on TXG. CIBC lifted their target price on Torex Gold Resources from C$36.00 to C$42.00 in a research note on Friday, February 21st. BMO Capital Markets lifted their price objective on shares of Torex Gold Resources from C$36.00 to C$38.00 in a research report on Thursday, February 20th. Finally, Royal Bank of Canada increased their price objective on shares of Torex Gold Resources from C$44.00 to C$45.00 in a research report on Friday. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$38.86.

Torex Gold Resources Price Performance

The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09. The business’s fifty day moving average price is C$34.13 and its 200-day moving average price is C$30.44. The firm has a market cap of C$2.23 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a 52 week low of C$18.79 and a 52 week high of C$40.27.

Insiders Place Their Bets

In related news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total value of C$162,898.31. Also, Director Caroline Donally purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 20th. The stock was bought at an average cost of C$27.91 per share, with a total value of C$27,908.00. Company insiders own 0.35% of the company’s stock.

Torex Gold Resources Company Profile

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.