Torex Gold Resources (TXG) PT Lowered to C$19.50 at BMO Capital Markets

Torex Gold Resources (TSE:TXG) had its price objective decreased by BMO Capital Markets from C$23.00 to C$19.50 in a report published on Wednesday morning.

TXG has been the subject of a number of other research reports. Desjardins upgraded shares of Torex Gold Resources from a hold rating to a buy rating and cut their price target for the stock from C$16.00 to C$14.50 in a report on Friday, January 5th. Royal Bank of Canada cut their price target on shares of Torex Gold Resources from C$22.00 to C$19.00 and set an outperform rating for the company in a report on Tuesday, February 20th. Eight Capital cut their price target on shares of Torex Gold Resources from C$20.25 to C$15.00 in a report on Friday, February 23rd. TD Securities cut their price target on shares of Torex Gold Resources from C$19.00 to C$14.50 in a report on Wednesday. Finally, Canaccord Genuity cut their price target on shares of Torex Gold Resources from C$19.00 to C$18.50 in a report on Friday, January 19th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of C$16.64.

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Shares of TSE TXG opened at C$7.91 on Wednesday. Torex Gold Resources has a 1 year low of C$7.29 and a 1 year high of C$27.29.

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About Torex Gold Resources

Torex Gold Resources Inc engages in the exploration, development, and operation of mineral properties. The company explores for gold, silver, and copper deposits. It principally holds a 100% interest in the Morelos Gold property comprising the El Limón Guajes mine and the Media Luna project covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.

Analyst Recommendations for Torex Gold Resources (TSE:TXG)

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