Torex Gold Resources (TSE:TXG) Given New C$42.00 Price Target at CIBC

Torex Gold Resources (TSE:TXG) had its target price boosted by CIBC from C$36.00 to C$42.00 in a research report released on Friday morning,BayStreet.CA reports.

A number of other analysts have also recently commented on the company. Raymond James lifted their price target on Torex Gold Resources from C$33.00 to C$34.00 in a research report on Tuesday, January 7th. Scotiabank lifted their price target on Torex Gold Resources from C$33.00 to C$37.00 in a research report on Thursday, November 21st. BMO Capital Markets lifted their price target on Torex Gold Resources from C$36.00 to C$38.00 in a research report on Thursday. Finally, Royal Bank of Canada lifted their price target on Torex Gold Resources from C$34.00 to C$37.00 in a research report on Friday, December 6th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$36.53.

Torex Gold Resources Stock Down 6.0 %

Torex Gold Resources stock opened at C$33.03 on Friday. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12. The stock has a market capitalization of C$2.00 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a 1-year low of C$13.20 and a 1-year high of C$35.89. The business has a fifty day moving average price of C$30.11 and a 200-day moving average price of C$28.09.

Insider Activity

In related news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of Torex Gold Resources stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total value of C$162,898.31. Also, Director Caroline Donally purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, January 20th. The stock was acquired at an average price of C$27.91 per share, with a total value of C$27,908.00. Insiders own 0.35% of the company’s stock.

Torex Gold Resources Company Profile

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.