Royal Bank Of Canada Trims Torex Gold Resources (TXG) Target Price to C$22.00
Torex Gold Resources (TSE:TXG) had its price target lowered by Royal Bank Of Canada from C$28.00 to C$22.00 in a research note issued to investors on Monday morning. The firm currently has an outperform rating on the stock.
A number of other research firms also recently weighed in on TXG. TD Securities upgraded shares of Torex Gold Resources from a hold rating to a buy rating and set a C$24.00 price target on the stock in a report on Wednesday, October 25th. Scotiabank cut their price target on shares of Torex Gold Resources from C$34.00 to C$15.00 and set a sector perform rating on the stock in a report on Wednesday, November 8th. Eight Capital restated a buy rating on shares of Torex Gold Resources in a report on Thursday, November 16th. Finally, Clarus Securities downgraded shares of Torex Gold Resources from a buy rating to a hold rating in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Torex Gold Resources presently has an average rating of Buy and an average price target of C$18.67.
Shares of Torex Gold Resources (TXG) opened at C$12.80 on Monday. Torex Gold Resources has a 12-month low of C$12.09 and a 12-month high of C$33.85.
About Torex Gold Resources
Torex Gold Resources Inc is a Canada-based resource company. The Company operates through the segment of mineral exploration and mine development and operation in Mexico. The Company is engaged in the exploration, development and operation of the Morelos Gold Property. The Morelos Gold Property is located in the Guerrero Gold Belt in southern Mexico, approximately 180 kilometers to the southwest of Mexico City and 50 kilometers southwest of Iguala.
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