Torex Gold Resources (TXG) Price Target Cut to C$22.00 by Analysts at Royal Bank Of Canada
Torex Gold Resources (TSE:TXG) had its price target lowered by Royal Bank Of Canada from C$28.00 to C$22.00 in a research note issued to investors on Monday morning. The firm currently has an outperform rating on the stock.
Several other equities analysts have also weighed in on the company. Scotiabank cut their target price on Torex Gold Resources from C$34.00 to C$15.00 and set a sector perform rating on the stock in a research note on Wednesday, November 8th. Eight Capital reaffirmed a buy rating on shares of Torex Gold Resources in a research report on Thursday, November 16th. TD Securities raised Torex Gold Resources from a hold rating to a buy rating and set a C$24.00 price target on the stock in a research report on Wednesday, October 25th. Finally, Clarus Securities lowered Torex Gold Resources from a buy rating to a hold rating in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of C$18.67.
Torex Gold Resources (TSE:TXG) traded up C$0.16 during trading on Monday, reaching C$12.72. The company had a trading volume of 260,515 shares, compared to its average volume of 433,954. Torex Gold Resources has a fifty-two week low of C$12.42 and a fifty-two week high of C$33.85.
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About Torex Gold Resources
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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