Torex Gold Resources (TSE:TXG) Price Target Raised to C$38.00 at BMO Capital Markets

Torex Gold Resources (TSE:TXG) had its target price lifted by analysts at BMO Capital Markets from C$36.00 to C$38.00 in a research note issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 8.79% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada lifted their price target on shares of Torex Gold Resources from C$34.00 to C$37.00 in a report on Friday, December 6th. Scotiabank lifted their price target on shares of Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. Raymond James lifted their price target on shares of Torex Gold Resources from C$33.00 to C$34.00 in a report on Tuesday, January 7th. Finally, CIBC lifted their price target on shares of Torex Gold Resources from C$33.00 to C$34.50 in a report on Monday, December 2nd. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$35.69.

Torex Gold Resources Price Performance

Torex Gold Resources stock traded up C$1.65 during mid-day trading on Thursday, reaching C$34.93. The company had a trading volume of 430,638 shares, compared to its average volume of 256,565. Torex Gold Resources has a fifty-two week low of C$13.20 and a fifty-two week high of C$35.89. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. The company has a market cap of C$2.12 billion, a P/E ratio of 18.78, a P/E/G ratio of 0.02 and a beta of 1.34. The business has a fifty day simple moving average of C$29.85 and a 200 day simple moving average of C$27.91.

Insider Buying and Selling at Torex Gold Resources

In related news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of C$28.97, for a total transaction of C$162,898.31. Also, Director Caroline Donally bought 1,000 shares of the company’s stock in a transaction on Monday, January 20th. The stock was bought at an average price of C$27.91 per share, for a total transaction of C$27,908.00. Insiders own 0.35% of the company’s stock.

About Torex Gold Resources

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.