Torex Gold Resources (TSE:TXG) Price Target Raised to C$77.00

Torex Gold Resources (TSE:TXG) had its price target increased by Canaccord Genuity Group from C$64.00 to C$77.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

TXG has been the topic of several other research reports. Royal Bank Of Canada boosted their target price on shares of Torex Gold Resources from C$60.00 to C$65.00 in a research note on Thursday, June 12th. National Bankshares upped their price target on shares of Torex Gold Resources from C$71.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. TD Securities reduced their price target on shares of Torex Gold Resources from C$64.00 to C$62.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Raymond James Financial upped their price target on shares of Torex Gold Resources from C$55.00 to C$58.00 in a research report on Thursday, August 21st. Finally, Desjardins upped their price target on shares of Torex Gold Resources from C$63.00 to C$65.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$62.10.

Torex Gold Resources Stock Down 1.3%

Shares of TSE:TXG opened at C$59.15 on Thursday. Torex Gold Resources has a 52 week low of C$25.52 and a 52 week high of C$60.34. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00. The company’s fifty day moving average is C$48.00 and its 200-day moving average is C$44.77. The company has a market capitalization of C$5.10 billion, a PE ratio of 24.34, a P/E/G ratio of 0.02 and a beta of 0.70.

About Torex Gold Resources

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala.