Torex Gold Resources Inc (TSE:TXG)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as C$11.87 and last traded at C$12.60, with a volume of 460233 shares traded. The stock had previously closed at C$12.62.

A number of equities analysts have recently commented on TXG shares. Clarus Securities downgraded shares of Torex Gold Resources from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Eight Capital reaffirmed a “buy” rating on shares of Torex Gold Resources in a report on Thursday, November 16th. TD Securities raised shares of Torex Gold Resources from a “hold” rating to a “buy” rating and set a C$24.00 price objective for the company in a report on Wednesday, October 25th. Scotiabank reduced their price objective on shares of Torex Gold Resources from C$34.00 to C$15.00 and set a “sector perform” rating for the company in a report on Wednesday, November 8th. Finally, Royal Bank of Canada cut their price target on shares of Torex Gold Resources from C$28.00 to C$22.00 and set an “outperform” rating for the company in a report on Monday, December 4th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of C$18.67.

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Torex Gold Resources Company Profile

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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