Could Torex Gold Resources Inc Gain Strenght? The Stock Reaches 52-Week Low

 Could Torex Gold Resources Inc Gain Strenght? The Stock Reaches 52 Week Low

The stock of Torex Gold Resources Inc (TSE:TXG) is a huge mover today! About 350,414 shares traded hands. Torex Gold Resources Inc (TSE:TXG) has risen 46.36% since March 29, 2016 and is uptrending. It has outperformed by 43.84% the S&P500.
The move comes after 8 months negative chart setup for the $1.99 billion company. It was reported on Nov, 2 by Barchart.com. We have $22.80 PT which if reached, will make TSE:TXG worth $119.40 million less.

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 $28.88 average target is 19.04% above today’s ($24.26) stock price. Torex Gold Resources has been the topic of 9 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Cormark Securities initiated the stock with “Buy” rating in Friday, April 29 report. On Monday, August 24 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Torex Gold Resources Inc (TSE:TXG) earned “Sector Outperform” rating by Scotia Capital on Tuesday, July 21.

More recent Torex Gold Resources Inc (TSE:TXG) news were published by: Marketwatch.com which released: “Torex Gold Reports A Fatal Accident at Guajes Pit” on October 31, 2016. Also Juniorminingnetwork.com published the news titled: “Torex Gold Resources Announces Q2 2016 Financial and Operational Results” on August 11, 2016. Business.Financialpost.com‘s news article titled: “Torex Gold upgraded, but security issues remain” with publication date: April 07, 2015 was also an interesting one.

Torex Gold Resources Inc. is a Canada resource company. The company has a market cap of $1.99 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.

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