Analysts have been quite happy with Torex Gold Resources (TXG) stock lately, with several positive ratings in a row that it received in the past month alone. Analyst Stephen Harris from GMP FirstEnergy reiterated a Buy rating, with a C$19 price target today.
According to TipRanks.com, Harris is ranked #1237 out of 5135 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Torex Gold Resources with a C$18.40 average price target, which is a 36.6% upside from current levels. In a report issued on January 7, Desjardins also reiterated a Buy rating on the stock with a C$20 price target.
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Torex Gold Resources’ market cap is currently C$1.14B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.17.
Torex Gold Resources, Inc. is a Canadian based resource company, which engages in the exploration and development of precious metal resources with a focus on gold. It holds interest in Morelos gold project. The company was founded on November 13, 1980 and is headquartered in Toronto, Canada.
The company’s shares closed on Tuesday at C$13.47, close to its 52-week high of C$14.58.
