Torex Gold Resources Inc. (TSE:TXG – Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$35.82 and last traded at C$35.81, with a volume of 144914 shares. The stock had previously closed at C$35.12.
Analysts Set New Price Targets
TXG has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on shares of Torex Gold Resources from C$36.00 to C$38.00 in a research report on Thursday, February 20th. CIBC lifted their target price on shares of Torex Gold Resources from C$36.00 to C$42.00 in a report on Friday, February 21st. Raymond James raised their price objective on Torex Gold Resources from C$33.00 to C$34.00 in a research report on Tuesday, January 7th. Royal Bank of Canada increased their target price on Torex Gold Resources from C$34.00 to C$37.00 in a research note on Friday, December 6th. Finally, Scotiabank upped their price target on Torex Gold Resources from C$33.00 to C$37.00 in a report on Thursday, November 21st. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$36.53.
Check Out Our Latest Stock Analysis on TXG
Torex Gold Resources Stock Performance
Insider Buying and Selling
In other Torex Gold Resources news, Director Caroline Donally acquired 1,000 shares of the stock in a transaction on Monday, January 20th. The stock was acquired at an average price of C$27.91 per share, for a total transaction of C$27,908.00. Also, Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of C$28.97, for a total transaction of C$162,898.31. 0.35% of the stock is owned by insiders.
About Torex Gold Resources
Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.
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