Torex Gold Resources (TSE:TXG) Share Price Passes Above Two Hundred Day Moving Average of $16.75

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 Company Profile (TSE:TXG)

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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