BMO Capital Markets Analysts Give Torex Gold Resources (TXG) a C$23.00 Price Target

BMO Capital Markets set a C$23.00 price target on Torex Gold Resources (TSE:TXG) in a research report sent to investors on Tuesday. The firm currently has an outperform rating on the stock.

A number of other equities research analysts also recently commented on the company. Eight Capital reiterated a buy rating on shares of Torex Gold Resources in a research report on Thursday, November 16th. Clarus Securities cut Torex Gold Resources from a buy rating to a hold rating in a research note on Wednesday, November 8th. Desjardins reissued a hold rating on shares of Torex Gold Resources in a research note on Monday, December 11th. TD Securities raised Torex Gold Resources from a hold rating to a buy rating and set a C$24.00 price objective on the stock in a research note on Wednesday, October 25th. Finally, Scotiabank reduced their price objective on Torex Gold Resources from C$34.00 to C$15.00 and set a sector perform rating on the stock in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Torex Gold Resources currently has an average rating of Buy and a consensus target price of C$18.70.

Torex Gold Resources (TSE TXG) traded up C$0.22 during trading hours on Tuesday, hitting C$11.74. The company had a trading volume of 374,498 shares, compared to its average volume of 760,681. The stock has a market capitalization of $919.89, a P/E ratio of 15.86 and a beta of -1.80. Torex Gold Resources has a 12 month low of C$10.12 and a 12 month high of C$33.85.

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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.

Analyst Recommendations for Torex Gold Resources (TSE:TXG)

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