Several other equities research analysts also recently issued reports on TXG. Clarus Securities restated a speculative buy rating on shares of Torex Gold Resources in a research note on Wednesday, January 17th. Royal Bank of Canada lowered their price objective 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 note on Monday, December 4th. TD Securities lowered their price objective on shares of Torex Gold Resources from C$24.00 to C$19.00 and set a buy rating on the stock in a research note on Friday, November 10th. Scotiabank lowered their price objective 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 note on Wednesday, November 8th. Finally, Canaccord Genuity lowered their price objective on shares of Torex Gold Resources from C$19.00 to C$18.50 in a research note on Friday, January 19th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of C$17.79.
Shares of Torex Gold Resources (TSE:TXG) traded down C$0.62 during mid-day trading on Friday, reaching C$9.00. The company’s stock had a trading volume of 802,875 shares, compared to its average volume of 561,518. Torex Gold Resources has a one year low of C$8.85 and a one year high of C$28.00. The firm has a market capitalization of $834.85, a P/E ratio of -42.86 and a beta of -1.34.
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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