Torex Gold Resources Inc. (TSE:TXG – Get Free Report) has received an average rating of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$27.19.
TXG has been the topic of a number of research analyst reports. Canaccord Genuity Group boosted their price target on Torex Gold Resources from C$30.50 to C$32.00 in a report on Tuesday, July 23rd. TD Securities reduced their price target on Torex Gold Resources from C$34.00 to C$33.00 in a report on Friday, August 9th. Raymond James set a C$27.00 price target on Torex Gold Resources and gave the company an “outperform” rating in a report on Friday, June 7th. CIBC upped their target price on Torex Gold Resources from C$23.00 to C$26.00 in a report on Wednesday, July 10th. Finally, Scotiabank upgraded Torex Gold Resources from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$26.00 to C$27.00 in a report on Monday.
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Torex Gold Resources Trading Down 0.9 %
Torex Gold Resources Company Profile
Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.
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