Torex Gold Resources (TSE:TXG) Stock Price Expected to Rise, Scotiabank Analyst Says

Torex Gold Resources (TSE:TXG) had its price objective increased by research analysts at Scotiabank from C$72.00 to C$95.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 17.02% from the stock’s current price. Scotiabank also issued estimates for Torex Gold Resources’ FY2025 earnings at $4.77 EPS and FY2026 earnings at $6.51 EPS.

TXG has been the subject of several other reports. TD Securities lifted their price objective on Torex Gold Resources from C$78.00 to C$96.00 in a report on Thursday. Royal Bank Of Canada boosted their price objective on shares of Torex Gold Resources from C$77.00 to C$94.00 in a research report on Wednesday, December 10th. CIBC raised 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 report on Thursday, October 23rd. Canaccord Genuity Group upped their price target on shares of Torex Gold Resources from C$64.00 to C$77.00 in a report on Thursday, October 2nd. Finally, National Bankshares dropped their price objective on shares of Torex Gold Resources from C$90.00 to C$85.00 and set an “outperform” rating for the company in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat, Torex Gold Resources presently has a consensus rating of “Buy” and a consensus price target of C$77.10.

Torex Gold Resources Price Performance

Shares of TSE:TXG traded up C$1.17 on Monday, reaching C$81.18. 386,308 shares of the company were exchanged, compared to its average volume of 554,561. The company has a 50-day moving average of C$66.79 and a 200-day moving average of C$56.98. 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 firm has a market cap of C$7.81 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 0.02 and a beta of 1.28. Torex Gold Resources has a 1-year low of C$28.97 and a 1-year high of C$84.61.

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.