Torex Gold Resources (TSE:TXG) had its target price reduced by equities researchers at Royal Bank of Canada from C$22.00 to C$19.00 in a research report issued on Tuesday. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 55.61% from the company’s previous close.
Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets cut their target price on shares of Torex Gold Resources from C$35.00 to C$25.00 in a research report on Monday, December 18th. Canaccord Genuity cut their target price on shares of Torex Gold Resources from C$19.00 to C$18.50 in a research report on Friday, January 19th. Desjardins restated a “buy” rating and set a C$15.00 target price on shares of Torex Gold Resources in a research report on Wednesday, February 7th. Eight Capital restated a “buy” rating on shares of Torex Gold Resources in a research report on Thursday, November 16th. Finally, TD Securities cut their target price on shares of Torex Gold Resources from C$24.00 to C$19.00 and set a “buy” rating for the company in a research report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Torex Gold Resources currently has an average rating of “Buy” and an average target price of C$18.25.
Shares of Torex Gold Resources (TSE:TXG) traded down C$0.54 on Tuesday, reaching C$12.21. 203,501 shares of the company’s stock were exchanged, compared to its average volume of 598,221. The firm has a market capitalization of $1,080.00, a PE ratio of 16.28 and a beta of -1.63. Torex Gold Resources has a one year low of C$10.12 and a one year high of C$32.07.
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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.
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