Torex Gold Resources (TSE:TXG) Price Target Raised to C$65.00

Torex Gold Resources (TSE:TXG) had its price objective boosted by Royal Bank of Canada from C$60.00 to C$65.00 in a report released on Thursday morning,BayStreet.CA reports.

TXG has been the topic of a number of other reports. BMO Capital Markets upped their price target on shares of Torex Gold Resources from C$44.00 to C$56.00 in a report on Friday, May 2nd. Cibc World Mkts upgraded shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. Scotiabank upped their price target on shares of Torex Gold Resources from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. CIBC raised shares of Torex Gold Resources from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from C$42.00 to C$58.00 in a research note on Monday, April 14th. Finally, Cormark upped their price objective on shares of Torex Gold Resources from C$46.00 to C$55.00 in a research note on Monday, April 14th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Torex Gold Resources currently has a consensus rating of “Buy” and an average target price of C$55.00.

Torex Gold Resources Trading Up 0.1%

TSE TXG opened at C$48.33 on Thursday. The company’s 50-day moving average price is C$44.15 and its 200-day moving average price is C$35.99. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. The stock has a market cap of C$2.93 billion, a PE ratio of 25.99, a PEG ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a 12 month low of C$19.01 and a 12 month high of C$49.25.

About Torex Gold Resources

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala.