Several other research analysts also recently commented on TXG. BMO Capital Markets decreased their price target on shares of Torex Gold Resources from C$35.00 to C$25.00 in a research note on Monday, December 18th. Royal Bank of Canada reduced their price objective on shares of Torex Gold Resources from C$22.00 to C$19.00 and set an outperform rating on the stock in a research report on Tuesday, February 20th. Desjardins upgraded shares of Torex Gold Resources from a hold rating to a buy rating and dropped their target price for the company from C$16.00 to C$14.50 in a report on Friday, January 5th. Clarus Securities cut shares of Torex Gold Resources from a buy rating to a hold rating in a research note on Wednesday, November 8th. Finally, Scotiabank set a C$15.00 target price on Torex Gold Resources and gave the stock a sector perform rating in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of C$17.79.
Torex Gold Resources (TSE:TXG) opened at C$9.06 on Friday. Torex Gold Resources has a 1 year low of C$8.85 and a 1 year high of C$28.32. The company has a market cap of $775.35, a P/E ratio of -45.75 and a beta of -1.34.
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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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