Shares of Torex Gold Resources Inc (TSE:TXG) have been given a consensus recommendation of “Buy” by the seven brokerages that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$20.25.
TXG has been the topic of a number of research reports. TD Securities upgraded shares of Torex Gold Resources from a “hold” rating to a “buy” rating and set a C$24.00 target price on the stock in a research report on Wednesday, October 25th. Scotiabank reduced their target price 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 report on Wednesday, November 8th. Desjardins reiterated a “hold” rating on shares of Torex Gold Resources in a research report on Monday, December 11th. Eight Capital reiterated a “buy” rating on shares of Torex Gold Resources in a research report on Thursday, November 16th. Finally, Royal Bank of Canada reduced their target price on shares of Torex Gold Resources from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Monday, December 4th.
Torex Gold Resources (TSE TXG) traded up C$0.02 during trading hours on Friday, reaching C$10.35. 762,540 shares of the company’s stock were exchanged, compared to its average volume of 388,564. The firm has a market capitalization of $823.43, a price-to-earnings ratio of 13.80 and a beta of -1.80. Torex Gold Resources has a 52-week low of C$10.12 and a 52-week high of C$33.85.
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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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