What’s Next for Torex Gold Resources Inc After Today’s Huge Decline?

 What's Next for Torex Gold Resources Inc After Today's Huge Decline?

The stock of Torex Gold Resources Inc (TSE:TXG) is a huge mover today! About 229,678 shares traded hands. Torex Gold Resources Inc (TSE:TXG) has risen 5.31% since April 8, 2016 and is uptrending. It has outperformed by 0.32% the S&P500.
The move comes after 7 months negative chart setup for the $1.37B company. It was reported on Nov, 14 by Barchart.com. We have $17.66 PT which if reached, will make TSE:TXG worth $68.50 million less.

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. Torex Gold Resources has been the topic of 10 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Cormark Securities given on Friday, April 29. The rating was upgraded by Scotia Capital to “Sector Outperform” on Tuesday, July 21. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, August 24 report.

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 $1.37 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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