Torex Gold Resources (TXG) Price Target Increased to C$17.00 by Analysts at Royal Bank of Canada
Torex Gold Resources (TSE:TXG) had its price target boosted by Royal Bank of Canada from C$16.00 to C$17.00 in a research note released on Friday. Royal Bank of Canada currently has an outperform rating on the stock.
TXG has been the topic of a number of other research reports. Eight Capital increased their price target on Torex Gold Resources from C$15.50 to C$16.00 in a research report on Thursday, October 4th. Desjardins reaffirmed a buy rating and issued a C$20.00 price target on shares of Torex Gold Resources in a research report on Monday, January 7th. Finally, Cormark increased their price target on Torex Gold Resources from C$17.50 to C$19.50 in a research report on Friday.
TXG stock traded up C$0.16 during mid-day trading on Friday, reaching C$13.66. The company had a trading volume of 365,700 shares, compared to its average volume of 293,849. The company has a quick ratio of 0.88, a current ratio of 1.32 and a debt-to-equity ratio of 45.79. Torex Gold Resources has a fifty-two week low of C$7.29 and a fifty-two week high of C$14.58.
In other news, Director Terry Macgibbon sold 7,200 shares of the stock in a transaction dated Monday, October 15th. The stock was sold at an average price of C$13.27, for a total value of C$95,544.00. In the last quarter, insiders sold 32,200 shares of company stock worth $421,644.
Torex Gold Resources Company Profile
Torex Gold Resources Inc engages in the exploration, development, and operation of mineral properties. The company explores for gold, silver, and copper deposits. It principally holds a 100% interest in the Morelos Gold property comprising the El Limón Guajes mine and the Media Luna project covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.
Featured Article: What are different types of coverage ratios?
Receive News & Ratings for Torex Gold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Torex Gold Resources and related companies with MarketBeat.com's FREE daily email newsletter.