Torex Gold Resources (TSE:TXG) PT Lowered to C$18.00 at Royal Bank of Canada

Torex Gold Resources (TSE:TXG) had its target price trimmed by Royal Bank of Canada from C$19.00 to C$18.00 in a report released on Thursday, May 10th. They currently have an outperform rating on the stock.

A number of other brokerages have also recently issued reports on TXG. Canaccord Genuity boosted their target price on shares of Torex Gold Resources from C$18.50 to C$21.00 in a research report on Monday, April 23rd. Clarus Securities reaffirmed a speculative buy rating on shares of Torex Gold Resources in a research report on Wednesday, January 17th. Desjardins reaffirmed a buy rating and set a C$15.00 price objective on shares of Torex Gold Resources in a research report on Wednesday, February 7th. Eight Capital cut their price objective on shares of Torex Gold Resources from C$20.25 to C$15.00 in a research report on Friday, February 23rd. Finally, BMO Capital Markets cut their price objective on shares of Torex Gold Resources from C$23.00 to C$19.50 in a research report on Wednesday, March 28th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of C$16.86.

Shares of Torex Gold Resources opened at C$13.32 on Thursday, Marketbeat Ratings reports. Torex Gold Resources has a 52-week low of C$7.29 and a 52-week high of C$26.23.



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.

Analyst Recommendations for Torex Gold Resources (TSE:TXG)

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