The stock of Torex Gold Resources Inc (TSE:TXG) is a huge mover today! About 60,119 shares traded hands. Torex Gold Resources Inc (TSE:TXG) has risen 11.53% since April 25, 2016 and is uptrending. It has outperformed by 6.27% the S&P500.
The move comes after 9 months negative chart setup for the $1.72 billion company. It was reported on Nov, 29 by Barchart.com. We have $19.54 PT which if reached, will make TSE:TXG worth $51.60M 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. $40 is the highest target while $1.50 is the lowest. The $29.70 average target is 47.47% above today’s ($20.14) stock price. Torex Gold Resources has been the topic of 10 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Tuesday, July 21 the stock rating was upgraded by Scotia Capital to “Sector Outperform”. The stock of Torex Gold Resources Inc (TSE:TXG) has “Buy” rating given on Friday, April 29 by Cormark Securities. RBC Capital Markets maintained Torex Gold Resources Inc (TSE:TXG) rating on Monday, August 24. RBC Capital Markets has “Outperform” rating and $1.70 price target.
Torex Gold Resources Inc. is a Canada resource company. The company has a market cap of $1.72 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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