National Bank Financial Raises Torex Gold Resources (TSE:TXG) Price Target to C$101.00

Torex Gold Resources (TSE:TXG) had its price objective raised by equities researchers at National Bank Financial from C$98.00 to C$101.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 65.30% from the stock’s current price.

A number of other research analysts have also issued reports on TXG. TD Securities lifted their target price on Torex Gold Resources from C$78.00 to C$96.00 in a report on Thursday, January 22nd. Canadian Imperial Bank of Commerce raised their price target on Torex Gold Resources from C$90.00 to C$100.00 in a research note on Wednesday, February 4th. Finally, Scotiabank raised their price target on Torex Gold Resources from C$72.00 to C$95.00 in a research note on Monday, January 26th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$85.75.

Torex Gold Resources Stock Performance

TSE TXG opened at C$61.10 on Thursday. The stock has a market capitalization of C$5.70 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 0.02 and a beta of 1.85. Torex Gold Resources has a twelve month low of C$38.80 and a twelve month high of C$85.00. The company has a current ratio of 1.37, a quick ratio of 2.12 and a debt-to-equity ratio of 4.01. The stock has a 50-day moving average of C$64.14 and a 200 day moving average of C$65.69.

About Torex Gold Resources

Torex Gold Resources Inc is a Canadian mining company engaged in the exploration, development, and production of gold, copper, and silver from its flagship Morelos Complex in Guerrero, which is currently Mexico’s largest single gold producer.