Brokerages Set Torex Gold Resources Inc (TXG) PT at $18.67
Shares of Torex Gold Resources Inc (TSE:TXG) have earned a consensus recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$18.67.
A number of brokerages have recently issued reports on TXG. Clarus Securities cut Torex Gold Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Royal Bank of Canada dropped their price objective on 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 decreased their target price on Torex Gold Resources from C$24.00 to C$19.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Eight Capital reissued a “buy” rating on shares of Torex Gold Resources in a report on Thursday, November 16th. Finally, Desjardins reissued a “hold” rating on shares of Torex Gold Resources in a report on Monday, December 11th.
Shares of Torex Gold Resources (TSE:TXG) traded up C$0.27 during trading on Monday, hitting C$11.99. The stock had a trading volume of 1,190,959 shares, compared to its average volume of 434,910. Torex Gold Resources has a one year low of C$11.53 and a one year high of C$33.85.
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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