Torex Gold Resources Inc (TSE:TXG)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.75 and traded as high as $20.01. Torex Gold Resources shares last traded at $19.78, with a volume of 167,604 shares changing hands.
Several brokerages have commented on TXG. CIBC restated a “neutral” rating and set a C$20.50 target price on shares of Torex Gold Resources in a report on Wednesday, September 25th. Royal Bank of Canada dropped their price objective on shares of Torex Gold Resources from C$24.00 to C$22.00 in a report on Friday, October 18th.
The company has a debt-to-equity ratio of 32.02, a current ratio of 1.54 and a quick ratio of 0.92. The company’s 50-day simple moving average is C$18.60 and its 200-day simple moving average is C$16.82. The stock has a market capitalization of $1.71 billion and a P/E ratio of 42.85.
Torex Gold Resources Inc engages in the exploration, development, and operation of mineral properties in Mexico. The company explores for gold, silver, copper, and carbon deposits. It holds a 100% interest in the Morelos Gold property comprising the El Limón Guajes mine and the Media Luna deposit that consists of 7 mineral concessions covering a total area of approximately 29,000 hectares located in the Guerrero Gold Belt in southern Mexico.
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