Torex Gold Resources (TXG) Trading 7.2% Higher

Torex Gold Resources Inc (TSE:TXG)’s share price traded up 7.2% on Wednesday . The company traded as high as C$13.13 and last traded at C$13.12. 331,092 shares traded hands during trading, a decline of 46% from the average session volume of 615,918 shares. The stock had previously closed at C$12.24.

A number of equities analysts have weighed in on the stock. 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 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. Clarus Securities lowered shares of Torex Gold Resources from a “buy” rating to a “hold” rating 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, Desjardins reissued a “hold” rating on shares of Torex Gold Resources in a research report on Monday, December 11th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Torex Gold Resources presently has an average rating of “Buy” and an average price target of C$18.75.

The firm has a market cap of $1,100.00, a PE ratio of 17.25 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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