The stock of Torex Gold Resources Inc (TSE:TXG) is a huge mover today! About 125,539 shares traded hands. Torex Gold Resources Inc (TSE:TXG) has risen 35.34% since April 1, 2016 and is uptrending. It has outperformed by 33.39% the S&P500.
The move comes after 9 months positive chart setup for the $1.62 billion company. It was reported on Nov, 8 by Barchart.com. We have $29.03 PT which if reached, will make TSE:TXG worth $518.40 million more.
Torex Gold Resources Inc (TSE:TXG) Ratings Coverage
Out of 4 analysts covering Torex Gold Resources (TSE:TXG), 4 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 $29.70 average target is 35.06% above today’s ($21.99) stock price. Torex Gold Resources has been the topic of 10 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Tuesday, July 21, the company rating was upgraded by Scotia Capital. As per Monday, August 24, the company rating was maintained by RBC Capital Markets. The rating was initiated by Cormark Securities with “Buy” on Friday, April 29.
More news for Torex Gold Resources Inc (TSE:TXG) were recently published by: Juniorminingnetwork.com, which released: “Torex Gold Resources Announces Q2 2016 Financial and Operational Results” on August 11, 2016. Business.Financialpost.com‘s article titled: “Torex Gold upgraded, but security issues remain” and published on April 07, 2015 is yet another important article.
Torex Gold Resources Inc. is a Canada resource company. The company has a market cap of $1.62 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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