Torex Gold Resources (TSE:TXG) Price Target Raised to C$96.00 at TD Securities

Torex Gold Resources (TSE:TXG) had its price target hoisted by stock analysts at TD Securities from C$78.00 to C$96.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. TD Securities’ target price suggests a potential upside of 20.72% from the stock’s current price.

Several other brokerages have also issued reports on TXG. CIBC lifted their target price on shares of Torex Gold Resources from C$66.00 to C$90.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. National Bankshares decreased their price objective on Torex Gold Resources from C$90.00 to C$85.00 and set an “outperform” rating on the stock in a report on Tuesday, December 9th. Canaccord Genuity Group lifted their price target on shares of Torex Gold Resources from C$64.00 to C$77.00 in a research report on Thursday, October 2nd. Finally, Royal Bank Of Canada increased their target price on Torex Gold Resources from C$77.00 to C$94.00 in a research note on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$72.60.

Torex Gold Resources Stock Performance

Shares of TSE:TXG traded up C$3.08 during trading on Thursday, hitting C$79.52. 308,368 shares of the stock traded hands, compared to its average volume of 556,923. Torex Gold Resources has a 52-week low of C$28.26 and a 52-week high of C$80.06. The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09. The company has a fifty day moving average price of C$66.16 and a two-hundred day moving average price of C$56.38. The company has a market cap of C$7.65 billion, a price-to-earnings ratio of 23.39, a P/E/G ratio of 0.02 and a beta of 1.28.

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. Within this property, the company has two assets: the El Limon-Guajes Mine, an open pit gold deposit located north of the Balsas river, and the Media Luna Project, which is at an advanced stage of exploration.