Torex Gold Resources (TXG) Stock Price Down 1.7%

Torex Gold Resources Inc (TSE:TXG) shares traded down 1.7% during trading on Thursday . The stock traded as low as C$12.49 and last traded at C$12.80. 257,483 shares were traded during trading, a decline of 41% from the average session volume of 432,830 shares. The stock had previously closed at C$12.58.

Several research analysts recently commented on the stock. Royal Bank Of Canada reduced their price objective on shares of Torex Gold Resources from C$28.00 to C$22.00 and set an “outperform” rating for the company in a research note on Monday. Eight Capital restated a “buy” rating on shares of Torex Gold Resources in a research note on Thursday, November 16th. TD Securities cut their price target on shares of Torex Gold Resources from C$24.00 to C$19.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Clarus Securities lowered shares of Torex Gold Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Scotiabank cut their price target on shares of Torex Gold Resources from C$34.00 to C$15.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of C$18.67.

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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.

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