Torex Gold Resources (TSE:TXG) Price Target Raised to C$47.00 at Raymond James

Torex Gold Resources (TSE:TXG) had its price target raised by Raymond James from C$34.00 to C$47.00 in a research report sent to investors on Friday,BayStreet.CA reports.

Several other equities analysts also recently commented on the stock. Royal Bank of Canada boosted their price target on shares of Torex Gold Resources from C$44.00 to C$45.00 in a research note on Friday. BMO Capital Markets lifted their target price on Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday, February 20th. Finally, CIBC upped their price target on Torex Gold Resources from C$36.00 to C$42.00 in a report on Friday, February 21st. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$38.86.

Torex Gold Resources Stock Down 6.8 %

Shares of TXG opened at C$36.71 on Friday. The company’s 50-day simple moving average is C$34.13 and its 200-day simple moving average is C$30.41. 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 1 year low of C$18.79 and a 1 year high of C$40.27. The stock has a market capitalization of C$2.23 billion, a PE ratio of 19.74, a P/E/G ratio of 0.02 and a beta of 1.34.

Insider Transactions at Torex Gold Resources

In related news, Director Caroline Donally acquired 1,000 shares of the firm’s stock in a transaction on Monday, January 20th. The stock was bought at an average price of C$27.91 per share, for a total transaction of C$27,908.00. Also, 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. Insiders own 0.35% of the company’s stock.

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.