In a report issued on January 15, Mark Mihaljevic from RBC Capital maintained a Hold rating on Torex Gold Resources (TORXF), with a price target of C$22.00. The company’s shares closed last Monday at $13.42.
According to TipRanks.com, Mihaljevic is a 3-star analyst with an average return of 5.8% and a 49.2% success rate. Mihaljevic covers the Basic Materials sector, focusing on stocks such as Hecla Mining Company, Pan American Silver, and SilverCrest Metals.
Currently, the analyst consensus on Torex Gold Resources is a Moderate Buy with an average price target of $17.98.
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Torex Gold Resources’ market cap is currently $1.14B and has a P/E ratio of 30.52. The company has a Price to Book ratio of 1.43.
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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.
