Torex Gold Resources (TSE:TXG) had its target price decreased by stock analysts at Royal Bank Of Canada from C$28.00 to C$22.00 in a research report issued on Monday. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 74.88% from the company’s previous close.
A number of other research firms have also weighed in on TXG. TD Securities raised shares of Torex Gold Resources from a “hold” rating to a “buy” rating and set a C$24.00 price objective for the company in a research report on Wednesday, October 25th. Scotiabank cut their price objective on shares of Torex Gold Resources from C$34.00 to C$15.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 8th. Eight Capital reissued a “buy” rating on shares of Torex Gold Resources in a research report on Thursday, November 16th. Finally, Clarus Securities lowered shares of Torex Gold Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Torex Gold Resources currently has a consensus rating of “Buy” and an average target price of C$18.67.
Torex Gold Resources (TSE TXG) opened at C$12.58 on Monday. Torex Gold Resources has a 52-week low of C$12.09 and a 52-week high of C$33.85.
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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