Torex Gold Resources (TXG) Hits New 12-Month High at $16.92
Torex Gold Resources Inc (TSE:TXG) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$16.92 and last traded at C$16.80, with a volume of 178749 shares traded. The stock had previously closed at C$16.50.
A number of equities research analysts have issued reports on TXG shares. Eight Capital upped their target price on Torex Gold Resources from C$18.00 to C$19.75 in a research report on Friday, February 22nd. Cormark upped their target price on Torex Gold Resources from C$17.50 to C$19.50 in a research report on Friday, January 11th. Desjardins reaffirmed a “buy” rating and set a C$20.00 target price on shares of Torex Gold Resources in a research report on Monday, January 7th. Finally, Royal Bank of Canada upped their target price on Torex Gold Resources from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Friday, January 11th.
The firm has a market capitalization of $1.42 billion and a P/E ratio of 63.44. The company has a quick ratio of 0.87, a current ratio of 1.21 and a debt-to-equity ratio of 43.91.
In other news, Director Terry Macgibbon sold 58,000 shares of the company’s stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of C$14.00, for a total transaction of C$812,000.00. Following the completion of the transaction, the director now directly owns 99,800 shares in the company, valued at C$1,397,200.
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About Torex Gold Resources (TSE:TXG)
Torex Gold Resources Inc engages in the exploration, development, and operation of mineral properties in Mexico. The company explores for gold, silver, copper, and carbon deposits. It holds a 100% interest in the Morelos Gold property comprising the El Limón Guajes mine and the Media Luna deposit that consists of 7 mineral concessions covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.
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