Torex Gold Resources (TSE:TXG) Price Target Raised to C$90.00

Torex Gold Resources (TSE:TXG) had its price target hoisted by CIBC from C$66.00 to C$90.00 in a research note issued to investors on Thursday,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other analysts also recently issued reports on the company. TD Securities cut their price target on Torex Gold Resources from C$64.00 to C$62.00 and set a “buy” rating on the stock in a report on Friday, August 8th. National Bankshares raised their price target on Torex Gold Resources from C$75.00 to C$86.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Raymond James Financial raised their price target on Torex Gold Resources from C$55.00 to C$58.00 in a report on Thursday, August 21st. Canaccord Genuity Group raised their target price on Torex Gold Resources from C$64.00 to C$77.00 in a research report on Thursday, October 2nd. Finally, Desjardins raised their target price on Torex Gold Resources from C$63.00 to C$65.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$66.40.

Torex Gold Resources Trading Down 1.0%

TSE:TXG opened at C$59.63 on Thursday. The company has a quick ratio of 2.12, a current ratio of 1.00 and a debt-to-equity ratio of 8.09. The business’s 50 day moving average is C$54.39 and its two-hundred day moving average is C$47.39. Torex Gold Resources has a 52 week low of C$26.29 and a 52 week high of C$69.27. The company has a market cap of C$5.14 billion, a PE ratio of 24.54, a P/E/G ratio of 0.02 and a beta of 0.87.

Torex Gold Resources Company Profile

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala.