Torex Gold Resources Inc (TSE:TXG) traded up 0.2% on Monday . The stock traded as high as C$10.45 and last traded at C$10.35. 906,150 shares changed hands during mid-day trading, an increase of 15% from the average session volume of 789,328 shares. The stock had previously closed at C$10.33.
Several equities research analysts recently weighed in on the stock. TD Securities reduced their target price on shares of Torex Gold Resources from C$24.00 to C$19.00 and set a “buy” rating for the company in a research note on Friday, November 10th. 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 for the company in a research note on Monday, December 4th. Clarus Securities cut shares of Torex Gold Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Desjardins upgraded shares of Torex Gold Resources from a “hold” rating to a “buy” rating and reduced their target price for the company from C$16.00 to C$14.50 in a research note on Friday. Finally, Eight Capital reiterated a “buy” rating on shares of Torex Gold Resources in a research note on Thursday, November 16th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of C$19.10.
The stock has a market capitalization of $823.43, a P/E ratio of 13.80 and a beta of -1.80.
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Torex Gold Resources Company Profile
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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