Torex Gold Resources (TXG) Given a C$23.00 Price Target by BMO Capital Markets Analysts

Torex Gold Resources (TSE:TXG) has been assigned a C$23.00 price objective by analysts at BMO Capital Markets in a note issued to investors on Tuesday. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 98.28% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. TD Securities dropped their price target on shares of Torex Gold Resources from C$24.00 to C$19.00 and set a “buy” rating for the company in a research report on Friday, November 10th. Royal Bank of Canada dropped their price target on shares of Torex Gold Resources from C$28.00 to C$22.00 and set an “outperform” rating for the company in a research report on Monday, December 4th. Clarus Securities cut shares of Torex Gold Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Desjardins raised shares of Torex Gold Resources from a “hold” rating to a “buy” rating and dropped their price target for the company from C$16.00 to C$14.50 in a research report on Friday. Finally, Eight Capital reissued a “buy” rating on shares of Torex Gold Resources in a research report on Thursday, November 16th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$18.70.

Shares of Torex Gold Resources (TSE:TXG) traded up C$1.25 on Tuesday, reaching C$11.60. 934,079 shares of the company’s stock traded hands, compared to its average volume of 818,278. The stock has a market cap of $926.28, a PE ratio of 15.68 and a beta of -1.80. Torex Gold Resources has a fifty-two week low of C$10.12 and a fifty-two week high of C$33.85.

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Torex Gold Resources Company Profile

Torex Gold Resources Inc is a Canada-based resource company. The Company operates through the segment of mineral exploration and mine development and operation in Mexico. The Company is engaged in the exploration, development and operation of the Morelos Gold Property. The Morelos Gold Property is located in the Guerrero Gold Belt in southern Mexico, approximately 180 kilometers to the southwest of Mexico City and 50 kilometers southwest of Iguala.

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