Torex Gold Resources (TXG) PT Set at C$15.00 by Scotiabank

Scotiabank set a C$15.00 price objective on Torex Gold Resources (TSE:TXG) in a research note released on Tuesday morning. The brokerage currently has a sector perform rating on the stock.

Several other research firms have also issued reports on TXG. TD Securities raised 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 report on Wednesday, October 25th. Desjardins reissued a hold rating on shares of Torex Gold Resources in a research report on Monday, December 11th. Eight Capital reissued a buy rating on shares of Torex Gold Resources in a research report on Thursday, November 16th. BMO Capital Markets set a C$23.00 price target on Torex Gold Resources and gave the company an outperform rating in a research report on Tuesday. Finally, Royal Bank of Canada lowered their price objective on Torex Gold Resources from C$28.00 to C$22.00 and set an outperform rating for the company in a research note on Monday, December 4th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of C$18.70.

Shares of Torex Gold Resources (TSE TXG) opened at C$11.65 on Tuesday. The stock has a market capitalization of $930.29, a P/E ratio of 15.53 and a beta of -1.80. Torex Gold Resources has a 52-week low of C$10.12 and a 52-week high of C$33.85.

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Torex Gold Resources Company Profile

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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