Desjardins Reaffirms Buy Rating for Torex Gold Resources (TXG)
Desjardins reiterated their buy rating on shares of Torex Gold Resources (TSE:TXG) in a research note issued to investors on Wednesday morning. Desjardins also issued estimates for Torex Gold Resources’ FY2021 earnings at $0.71 EPS.
A number of other equities research analysts have also recently issued reports 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 target on the stock in a research note on Wednesday, October 25th. Scotiabank dropped their price target on shares of Torex Gold Resources from C$34.00 to C$15.00 and set a sector perform rating on the stock in a research note on Wednesday, November 8th. Clarus Securities cut shares of Torex Gold Resources from a buy rating to a hold rating in a research note on Wednesday, November 8th. Eight Capital reissued a buy rating on shares of Torex Gold Resources in a research note on Thursday, November 16th. Finally, 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 on the stock in a research note on Monday, December 4th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Torex Gold Resources currently has an average rating of Buy and a consensus target price of C$18.67.
Shares of Torex Gold Resources (TSE:TXG) opened at C$11.69 on Wednesday. Torex Gold Resources has a one year low of C$10.12 and a one year high of C$33.85. The stock has a market cap of $895.24, a price-to-earnings ratio of 15.59 and a beta of -1.63.
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About Torex Gold Resources
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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