Torex Gold Resources (TSE:TXG) Price Target Raised to C$100.00

Torex Gold Resources (TSE:TXG) had its price objective upped by Canadian Imperial Bank of Commerce from C$90.00 to C$100.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports.

A number of other research analysts also recently commented on the company. TD Securities upped their price objective on Torex Gold Resources from C$78.00 to C$96.00 in a research note on Thursday, January 22nd. National Bankshares reduced their target price on shares of Torex Gold Resources from C$90.00 to C$85.00 and set an “outperform” rating for the company in a research note on Tuesday, December 9th. Royal Bank Of Canada upped their target price on shares of Torex Gold Resources from C$77.00 to C$94.00 in a research report on Wednesday, December 10th. Finally, Scotiabank raised their target price on Torex Gold Resources from C$72.00 to C$95.00 in a research report on Monday, January 26th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Torex Gold Resources currently has a consensus rating of “Buy” and an average target price of C$78.10.

Torex Gold Resources Stock Up 5.9%

TXG stock opened at C$62.89 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 2.12 and a debt-to-equity ratio of 8.09. The firm has a 50 day simple moving average of C$68.27 and a 200-day simple moving average of C$58.68. The company has a market capitalization of C$6.05 billion, a P/E ratio of 18.50, a PEG ratio of 0.02 and a beta of 1.13. Torex Gold Resources has a twelve month low of C$30.66 and a twelve month high of C$84.61.

Torex Gold Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, December 4th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, November 20th.

Torex Gold Resources Company Profile

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala. Within this property, the company has two assets: the El Limon-Guajes Mine, an open pit gold deposit located north of the Balsas river, and the Media Luna Project, which is at an advanced stage of exploration.