A Reversal for Torex Gold Resources Inc Is Not Near. The Stock Rises Again

 A Reversal for Torex Gold Resources Inc Is Not Near. The Stock Rises Again

The stock of Torex Gold Resources Inc (TSE:TXG) is a huge mover today! About 48,827 shares traded hands. Torex Gold Resources Inc (TSE:TXG) has risen 39.31% since March 10, 2016 and is uptrending. It has outperformed by 33.70% the S&P500.
The move comes after 6 months positive chart setup for the $1.91B company. It was reported on Oct, 17 by Barchart.com. We have $32.37 PT which if reached, will make TSE:TXG worth $592.10 million more.

Torex Gold Resources Inc (TSE:TXG) Ratings Coverage

Out of 3 analysts covering Torex Gold Resources (TSE:TXG), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $40 is the highest target while $1.50 is the lowest. The $20.83 average target is -15.70% below today’s ($24.71) stock price. Torex Gold Resources has been the topic of 8 analyst reports since July 21, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained it with “Outperform” rating and $1.70 target price in Monday, August 24 report. The stock of Torex Gold Resources Inc (TSE:TXG) has “Sector Outperform” rating given on Tuesday, July 21 by Scotia Capital. The rating was initiated by Cormark Securities on Friday, April 29 with “Buy”.

More recent Torex Gold Resources Inc (TSE:TXG) news were published by: Business.Financialpost.com which released: “Torex Gold upgraded, but security issues remain” on April 07, 2015. Also Seekingalpha.com published the news titled: “I’m Buying Torex Gold” on October 20, 2015. Seekingalpha.com‘s news article titled: “Torex Gold Has Entered Its Final Construction Months (TORXF)” with publication date: June 13, 2015 was also an interesting one.

Torex Gold Resources Inc. is a Canada resource company. The company has a market cap of $1.91 billion. The Firm operates through the segment of exploration and development of mineral properties in Mexico. It currently has negative earnings. It is engaged in the exploration, development and operation of the Morelos Gold Property.

TXG Company Profile

Terex Corporation, incorporated on October 30, 1986, is a lifting and material handling solutions company. The Firm is focused on providing its activities and delivering solutions for a range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, transportation, energy and utility industries. The Firm operates through five divisions: Aerial Work Platforms (AWP), Construction, Cranes, Material Handling & Port Solutions (MHPS), and Materials Processing (MP). The Company’s products are manufactured in North and South America, Europe, Australia and Asia and sold across the world.

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