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 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.
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