Torex Gold Resources (TSE:TXG) Price Target Raised to C$96.00

Torex Gold Resources (TSE:TXG) had its price target hoisted by TD Securities from C$78.00 to C$96.00 in a report released on Thursday morning,BayStreet.CA reports.

A number of other research firms have also commented on TXG. Royal Bank Of Canada boosted their price objective on Torex Gold Resources from C$77.00 to C$94.00 in a research note on Wednesday, December 10th. Canaccord Genuity Group lifted their price target on Torex Gold Resources from C$64.00 to C$77.00 in a report on Thursday, October 2nd. CIBC upped their price target on shares of Torex Gold Resources from C$66.00 to C$90.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Finally, National Bankshares decreased their price objective on shares of Torex Gold Resources from C$90.00 to C$85.00 and set an “outperform” rating on the stock in a report on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat, Torex Gold Resources presently has a consensus rating of “Buy” and an average target price of C$72.60.

Torex Gold Resources Stock Up 1.1%

Shares of TXG opened at C$80.01 on Thursday. The company has a market capitalization of C$7.70 billion, a P/E ratio of 23.53, a PEG ratio of 0.02 and a beta of 1.28. Torex Gold Resources has a one year low of C$28.97 and a one year high of C$81.36. The business’s 50 day simple moving average is C$66.79 and its 200-day simple moving average is C$56.88. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.00 and a quick ratio of 2.12.

Torex Gold Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, December 4th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, November 20th.

Torex Gold Resources Company Profile

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala. Within this property, the company has two assets: the El Limon-Guajes Mine, an open pit gold deposit located north of the Balsas river, and the Media Luna Project, which is at an advanced stage of exploration.