CIBC Increases Torex Gold Resources (TSE:TXG) Price Target to C$42.00

Torex Gold Resources (TSE:TXG) had its price target upped by CIBC from C$36.00 to C$42.00 in a report released on Friday,BayStreet.CA reports.

TXG has been the topic of several other reports. Raymond James boosted their target price on Torex Gold Resources from C$33.00 to C$34.00 in a report on Tuesday, January 7th. BMO Capital Markets upped their price objective on Torex Gold Resources from C$36.00 to C$38.00 in a report on Thursday. Scotiabank upped their price objective on Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. Finally, Royal Bank of Canada upped their price objective on Torex Gold Resources from C$34.00 to C$37.00 in a report on Friday, December 6th. 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 data from MarketBeat.com, Torex Gold Resources currently has an average rating of “Buy” and a consensus target price of C$36.53.

Torex Gold Resources Trading Down 6.0 %

Shares of Torex Gold Resources stock opened at C$33.03 on Friday. The stock has a market cap of C$2.00 billion, a P/E ratio of 17.76, a P/E/G ratio of 0.02 and a beta of 1.34. The stock’s 50 day simple moving average is C$30.11 and its 200-day simple moving average is C$28.09. Torex Gold Resources has a 1-year low of C$13.20 and a 1-year high of C$35.89. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12.

Insiders Place Their Bets

In other Torex Gold Resources news, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the company’s stock in a transaction 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 purchased 1,000 shares of the firm’s stock in a transaction on Monday, January 20th. The shares were purchased at an average price of C$27.91 per share, for a total transaction of C$27,908.00. 0.35% of the stock is owned by insiders.

Torex Gold Resources Company Profile

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.