Scotia Capital announced Torex Gold Resources (TSE:TXG), bumping up its stock price target to $35.00 today
- Updated: September 26, 2016
In a report released on 9/26/2016 Scotia Capital increased the stock price target of Torex Gold Resources (TSE:TXG) from $30.00 to $35.00 reporting a possible upside of 0.15%.
Previously on 08/26/2016, RBC Capital Markets reported on Torex Gold Resources (TSE:TXG) increased the target price from $37.00 to $40.00. At the time, this indicated a possible upside of 0.26%.
Just yesterday Torex Gold Resources (TSE:TXG) traded 0.36% higher at $30.49. Torex Gold Resources’s 50-day moving average is $31.17 and its 200-day moving average is $23.51. The last closing price is up 29.71% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 193,505 shares of TXG traded hands, down from an average trading volume of 627,429
Recent Performance Chart
Torex Gold Resources has 52 week low of $2.35 and a 52 week high of $35.17 and has a market capitalization of $0.
In addition to Scotia Capital reporting its stock price target, a total of 10 brokers have issued a research note on the company. The average stock price target is $28.40 with 3 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Torex Gold Resources (TSE:TXG)
Torex Gold Resources Inc. is a Canada-based resource company. The Company operates through the segment of exploration and development of mineral properties in Mexico. It is engaged in the exploration, development and operation of the Morelos Gold Property. The Morelos Gold Property includes a land package of over 29,000 hectares and contains over two assets, the ELG Mine, which is in the production-stage, and the Media Luna Project, which is in an advanced-stage of exploration. The Morelos Gold Property is located in the Guerrero Gold Belt in southern Mexico, approximately 180 kilometers to the southwest of Mexico City and approximately 50 kilometers southwest of Iguala. The Guerrero Gold Belt contains various gold deposits and prospects, including Los Filos Mine, located approximately 14 kilometers southeast of the ELG Mine of the Morelos Gold Property. The Morelos Gold Property consists of over seven mineral concessions covering a total area of approximately 29,000 hectares.
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