Torex Gold Resources (TSE:TXG) Price Target Raised to C$101.00 at National Bank Financial

Torex Gold Resources (TSE:TXG – Get Free Report) had its target price lifted by equities researchers at National Bank Financial from C$98.00 to C$101.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 49.96% from the stock’s current price.

TXG has been the topic of a number of other reports. Scotiabank lifted their price target on shares of Torex Gold Resources from C$72.00 to C$95.00 in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce increased their target price on Torex Gold Resources from C$90.00 to C$100.00 in a research note on Wednesday, February 4th. Finally, TD Securities increased their target price on Torex Gold Resources from C$78.00 to C$96.00 in a research note on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$85.75.

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Torex Gold Resources Trading Down 2.7%

Shares of TSE TXG traded down C$1.87 during midday trading on Thursday, reaching C$67.35. 221,402 shares of the stock were exchanged, compared to its average volume of 685,397. The business has a 50-day simple moving average of C$64.66 and a two-hundred day simple moving average of C$65.67. The company has a market capitalization of C$6.29 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 0.02 and a beta of 1.85. Torex Gold Resources has a 12 month low of C$38.80 and a 12 month high of C$85.00. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.37 and a quick ratio of 2.12.

About Torex Gold Resources

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Torex Gold Resources Inc is a Canadian mining company engaged in the exploration, development, and production of gold, copper, and silver from its flagship Morelos Complex in Guerrero, which is currently Mexico’s largest single gold producer.

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