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

Torex Gold Resources (TSE:TXG) had its price target hoisted by stock analysts at BMO Capital Markets from C$36.00 to C$38.00 in a report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 15.05% from the company’s previous close.

A number of other research analysts have also recently issued reports on TXG. Scotiabank raised their price objective on Torex Gold Resources from C$33.00 to C$37.00 in a research note on Thursday, November 21st. Raymond James increased their target price on Torex Gold Resources from C$33.00 to C$34.00 in a report on Tuesday, January 7th. Royal Bank of Canada lifted their price target on Torex Gold Resources from C$34.00 to C$37.00 in a research note on Friday, December 6th. Finally, CIBC increased their price objective on Torex Gold Resources from C$33.00 to C$34.50 in a research note on Monday, December 2nd. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Torex Gold Resources currently has a consensus rating of “Buy” and a consensus target price of C$36.53.

Torex Gold Resources Price Performance

Shares of Torex Gold Resources stock opened at C$33.03 on Thursday. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00. Torex Gold Resources has a 52-week low of C$13.20 and a 52-week high of C$35.89. The company has a fifty day moving average of C$30.11 and a 200-day moving average of C$28.09. The stock has a market capitalization of C$2.00 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 0.02 and a beta of 1.34.

Insider Buying and Selling

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

About Torex Gold Resources

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.